South African consumer inflation flat 4.5% in June


JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation remained steady at 4.5% year-on-year in June, unchanged from the May figure, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis prices inched up 0.4% from a 0.3% increase previously.

Core inflation – which excludes the prices of food, non-alcoholic beverages, petrol and energy – was at 4.3% year on year versus a 4.1% increase in May, and was at 0.4% month on month compared to a rate of 0.0% last month.

Reporting by Mfuneko Toyana

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