Annual consumer price inflation unchanged at 5.9% for April - Stats SA

Stats SA said that food and non-alcoholic beverages increased by 6% year-on-year and contributed one percentage point to the total CPI annual rate of 5.9%.

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JOHANNESBURG - Statistics South Africa said that annual headline inflation remained at 5.9% for April, unchanged from March.

It said that the consumer price index (CPI) increased by 0.6% month-on-month.

The main contributors to the inflation rate were food and non-alcoholic beverages, transport, housing and utilities.

Stats SA said that food and non-alcoholic beverages increased by 6% year-on-year and contributed one percentage point to the total CPI annual rate of 5.9%.

Some of the largest annual price increases were recorded for fuel, electricity, oils, and other fuels.

Stats SA’s James Kamyi said: “Fuel prices continue to cause pain in April 2022, increasing by 2.2% between March and April to reach new record highs. Fuel is 29.2% more expensive than a year ago.”

While inflation remains high, some prices decreased over the past year.

The biggest price drop was for telecommunication equipment which saw a 14.5% decrease.