South Africa’s CPI slows to 4.4 pct y/y in May
JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation slowed to 4.4 percent year-on-year in May from 4.5 percent in April, data from Statistics South Africa showed on Wednesday.
A customer shops at a South African retailer Pick n Pay in Johannesburg, South Africa, April 19,2018. REUTERS/Siphiwe Sibeko
On a month-on-month basis, inflation slowed to 0.2 percent in May from 0.8 percent in April.
Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, fell to 4.4 percent year-on-year from 4.5 percent, while on a month-on-month basis it slowed to 0.0 percent from 0.6 percent previously.
Reporting by Alexander Winning; Editing by James Macharia
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