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S/Africa: CPI rate pegged at 3.1 percent

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South Africa’s consumer price inflation (CPI) rate for December 2020 was pegged at 3.1% year-on-year rate, according to Statistics South Africa (Stats SA) on Wednesday.This was slightly lower than the year-on-year rate from the 3.2 percent rate recorded in November 2020, Stats SA said.


The agency added that on a month-on-month basis, the CPI was up at 0.2 percent in December compared with 0% in November.


The main driver of inflation in December were in food and the non-alcoholic beverages category, with a monthly increase of 0.5 percent and an annual rise of 6.0 percent, it added. 


This, however, was up from November’s annual reading of 5,8 percent, Stats SA said.

Published on 10.02.2021

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