CPI slows to 4.4% y/y in May

On a month-on-month basis, inflation slowed to 0.2% in May from 0.8% in April.

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JOHANNESBURG - South Africa's headline consumer inflation slowed to 4.4% year-on-year in May from 4.5% in April, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, inflation slowed to 0.2% in May from 0.8% in April.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, fell to 4.4% year-on-year from 4.5%, while on a month-on-month basis it slowed to 0.0% from 0.6% previously.