Africa-Press – South-Africa. Stats SA’s latest consumer price inflation figures indicate a move from a reading of 5.6% in March, resulting in it slowing for a consecutive month.
Annual consumer price inflation has again slowed for a consecutive month, easing to 5.2% in April.
Statistics South Africa (Stats SA) released the latest figures on Wednesday, which indicate a move from a reading of 5.6% in March.
Stats SA said housing and utilities, food and transport were the main drivers behind the headline rate in April.
“The monthly change in the CPI was 0,3% in April, softer than the 0,8% rise recorded in March,” said the chief director for price statistics at Stats SA – Patrick Kelly.
Kelly said housing and utilities, food and transport were the main drivers behind the headline rate in April.
“Annual inflation for food & NAB [non-alcoholic beverages] moderated further from 5,1% in March to 4,7% in April, representing a fifth consecutive month of decline.”
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