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CPI quickens to 4.7% year/year in December

On a month-on-month basis, inflation quickened to 0.5% in December from 0.1% in November.

Picture: Pixabay.com

JOHANNESBURG - South Africa's headline consumer inflation quickened to 4.7% year-on-year in December from 4.6% in November, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, inflation quickened to 0.5% in December from 0.1% in November.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, fell to 4.2% year-on-year in December from 4.4% in November, while on a month-on-month basis it quickened to 0.3% from 0.0% previously.