South Africa Annual Inflation Rate Unchanged at 5.9% in March


In March of 2013, South Africa's annual inflation rate was 5.9%, the same annual rate recorded in February, as a result of lower food prices.

The headline CPI (for all urban areas) annual inflation rate in March 2013 was 5,9%. This rate was the same as the corresponding annual rate of 5,9% in February 2013. On average, prices increased by 1,2% between February 2013 and March 2013.

The food and non-alcoholic beverages index decreased by 0,1% between February 2013 and March 2013. The annual rate decreased to 5,7% in March 2013 from 6,1% in February 2013. The following components in the food and non-alcoholic beverages index decreased: vegetables (-1,9%), hot beverages (-0,9%), other food (-0,7%), bread and cereals (-0,4%), oils and fats (-0,3%) and cold beverages (-0,1%). The following components increased: sugar, sweets and desserts (2,4%), milk, eggs and cheese (1,1%), fish (0,8%), fruit (0,8%) and meat (0,1%).
 
The alcoholic beverages and tobacco index increased by 2,8% between February 2013 and March 2013, mainly due to increases in excise duties. The annual rate decreased to 5,8% in March 2013 from 7,9% in February 2013.
 
The housing and utilities index increased by 0,8% between February 2013 and March 2013, mainly due to a 1,2% increase in actual rentals for housing and a 1,1% increase in owners’ equivalent rent. The annual rate was unchanged at 5,9% in March 2013.
 
The transport index increased by 2,7% between February 2013 and March 2013, mainly due to an 81c/litre increase in the price of petrol. The annual rate increased to 7,5% in March 2013 from 5,5% in February 2013.
 
The education index increased by 9,0% between February 2013 and March 2013. The annual rate increased to 9,0% in March 2013 from 8,9% in February 2013.
 
The miscellaneous goods and services index increased by 0,3% between February 2013 and March 2013. The annual rate decreased to 7,4% in March 2013 from 7,5% in February 2013.
 
The provinces with an annual inflation rate lower than or equal to headline inflation were Free State (5,9%), Limpopo (5,9%), KwaZulu-Natal (5,8%), North West (5,8%), Northern Cape (5,7%), Mpumalanga (5,7%), Western Cape (5,6%) and Eastern Cape (5,5%). The province with an annual inflation rate higher than headline inflation was Gauteng (6,2%).
 
 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
4/17/2013 9:34:05 AM