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Stats SA: Consumer inflation up at 6.1% in September

Stats SA says core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy.

Picture: Christa Eybers/EWN

JOHANNESBURG - Statistics South Africa (Stats SA) says headline consumer inflation has increased to 6.1 percent year-on-year for September.

This is up slightly from 5.9 percent for August, with the figure now moving out of the South African Reserve Bank's(Sarb) target range.

Economists polled by Reuters had expected the latest figure to be around 6.2 percent.

Stats SA says core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, increased to 5.6 percent year on year.

Several weeks ago, SARB Governor Lesetja Kganyago cited high food prices and the ongoing drought as major drivers of inflation.

A rise in fuel prices and a weaker rand were also listed as contributors to the rate moving out of the target range of between three to 6 percent.

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