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    Home»News»Inflation in South Africa slows to 15-year low

    Inflation in South Africa slows to 15-year low

    News By Agency Staff24 June 2020
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    Image: Steve Buissinne

    South Africa’s headline consumer inflation rate slowed to 3% year on year in April, its lowest in nearly 15 years, from 4.1% in March, data from Statistics South Africa showed on Wednesday.

    On a month-on-month basis, the consumer price index was at -0.5% in April from a 0.3% increase the previous month.

    Core inflation, which excludes prices of food, non-alcoholic beverages, petrol and energy, slowed to 3.2% year on year in April compared to a rate of 3.7% in March. On a month-on-month basis, core inflation fell to rate of -0.2%, from 0.6% previously.  — Reported by Mfuneko Toyana, (c) 2020 Reuters

    Statistics South Africa StatsSA
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