South Africa consumer inflation slows to lowest level in 15 years

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South Africa consumer inflation slows to lowest level in 15 years
South Africa Latest News,South Africa Headlines
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South Africa's headline consumer price index for all urban areas slowed sharply to 3 percent year on year in April from 4.1 percent in March, the lowest in 15 years, the national statistics agency said. busrep

Food and non-alcoholic beverages increased by 4.4 percent year on year and contributed 0.7 percentage points to the overall rate, while housing and utility increased by 4.6 percent and accounted for 1.1 percentage points.

Stats SA said it was not possible for CPI data collectors to visit stores due to Covid-19 and as a result, the April consumer inflation numbers were based on a significantly limited sample.

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