South Africa’s December headline CPI rises to 5,2%

SOUTH Africa’s headline consumer inflation rose to 5,2% year-on-year in December, compared with 4,8% in November in line with expectations, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, prices rose 0,3% compared with an increase of 0,1% in the previous month.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, edged up to 5,2% year-on-year in December from 5,1% in the previous month, while also rising to 0,3% month-on-month.

The consensus for December CPI was 5,2%, according to a Reuters poll.-Reuters

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