South African Inflation Rate Unchanged at 5.9% in April
The headline annual inflation rate in April of 2013 was 5.9 percent. This rate was the same as the corresponding annual rate of 5.9 percent recorded in the last two months. On average, prices increased by 0.4 percent between March of 2013 and April of 2013.
In April of 2013, the food and non-alcoholic beverages index increased to 6.2 percent yoy, from 5.7 percent in the previous month. On a month-over-month basis, the index increased by 0.5 percent, mainly due to a rise in prices for vegetables (3.2 percent) and fruit (1.0 percent).
The alcoholic beverages and tobacco index increased by 1.2 percent between March of 2013 and April of 2013, mainly due to increases in excise duties. The annual rate increased to 6.5 percent in April 2013 from 5.8% percent in the previous month.
The transport index increased by 0.5 percent mom, mainly due to a 12c/litre increase in the price of petrol. The annual rate decreased to 6.2 percent in April from 7.5 percent in March.
The miscellaneous goods and services index increased by 0.4 percent between March and April 2013, and the annual rate increased to 7.5 percent in April from 7.4 percent in the previous month.
The provinces of KwaZulu-Natal, Mpumalanga, Northern Cape, Western Cape, Free State and Eastern Cape recorded lower inflation rates, while Limpopo, Gauteng and North West registered rates of inflation higher than 5.9 percent.
5/22/2013 10:33:59 AM