South Africa’s CPI slows to 4.8 percent year/year in October


JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation slowed to 4.8 percent year-on-year in October, in line with market expectations, from 5.1 percent in September, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, inflation slowed to 0.3 percent in October from 0.5 percent in September.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy fell to 4.5 percent year-on-year in October from 4.6 percent in September, while on a month-on-month basis inflation slowed to 0.1 percent from 0.4 percent previously.

Reporting by Olivia Kumwenda-Mtambo; Editing by Alison Williams

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of and also sits on the board of Students In Business Awards, (SIBA).


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