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[NEWS JUST IN] SA's CPI slows to 6.6% year-on-year in January

Economists polled by Reuters had forecast a 6.7% year-on-year inflation print.

Picture: Pixabay.com

JOHANNESBURG - South Africa's headline consumer inflation slowed to 6.6% year-on-year in January from 6.8% in December, data from Statistics South Africa showed on Wednesday.

Economists polled by Reuters had forecast a 6.7% year-on-year inflation print.

On a month-on-month basis, inflation rose to 0.6% from 0.4% previously.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, fell to 5.5% year-on-year in January from 5.9% and edged lower to 0.3% on a month-on-month basis from 0.5%.