Inflation & Prices
South African Inflation Quickens for First Time in Three Months
- Consumer prices rose 5.3% in January from 5.1% a month earlier
- Median estimate in Bloomberg survey was for 5.4% acceleration
Informal street market stalls display fresh produce for sale in Johannesburg, South Africa.
Photographer: Leon Sadiki/BloombergThis article is for subscribers only.
South Africa’s inflation rate rose for the first time in three months in January on the back of higher fuel and food prices.
Consumer prices climbed 5.3% from a year earlier, compared with 5.1% in December, Pretoria-based Statistics South Africa said Wednesday in a statement. The median estimate of 20 economists in a Bloomberg survey was 5.4%.