South Africa's consumer inflation down to 5.1 pct-Xinhua

South Africa's consumer inflation down to 5.1 pct

Source: Xinhua| 2024-07-24 20:51:00|Editor: huaxia

JOHANNESBURG, July 24 (Xinhua) -- South Africa's consumer inflation maintained a downward streak with the consumer price index down to 5.1 percent in June from 5.2 percent in May, according to data released by Statistics South Africa (Stats SA) Wednesday.

Patrick Kelly, chief director for price statistics at Stats SA, said that over the last 10 months, the consumer price index had stubbornly remained between 5 and 6 percent.

In June, South Africa's annual food inflation hit the lowest level in 45 months since September 2020, the data showed.

"The inflation of food and non-alcoholic beverages had finally lowered to 4.6 percent after reaching its peak of 14 percent in March last year," Kelly said.

Housing and utilities in South Africa recorded an annual inflation rate of 5.5 percent in June, which was lower than 5.8 percent in May, while the annual transport inflation cooled to 5.5 percent in June from 6.3 percent a month ago, according to Kelly.

The data also showed that fuel prices in the country dropped 4.6 percent in June, taking the annual inflation rate for fuel to 7.6 percent from 9.3 percent.

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