South Africa’s consumer price inflation rose to the highest in four months in July, figures from Statistics South Africa showed on Wednesday.
The consumer price index rose 3.2 percent year-on-year in July, following a 2.2 percent increase in June. Economists had expected a 3.1 percent rise.
The latest inflation was the highest since March, when it was 4.1 percent.
The main contributions to the annual inflation came from food and non- alcoholic beverages, housing and utilities, and miscellaneous goods and services.
Prices for food and non-alcoholic beverages increased by 4.3 percent annually in July and housing and utilities cost rose by 3.2 percent.
Prices of miscellaneous goods and services rose 6.7 percent.
On a month-on-month basis, the consumer price index increased 1.3 percent in June. Economists had forecast a rise of 1.2 percent.
The core inflation, which excludes prices of non-alcoholic beverages, fuels and energy, was 3.2 percent in July. Economists had expected a 3.0 percent increase.
On a monthly basis, the core CPI rose 0.7 percent in July. Economists had forecast a rise of 0.5 percent.
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