[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 17 sources · 6 days · First seen · Last updated

South Africa inflation trends

Overview

In August, South Africa’s annual consumer inflation rose to 4.4%, up from 4.3% in July. This increase was lower than the 4.5% forecast by economists.

Food and non-alcoholic beverage inflation accelerated to 1.1%, marking the first rise in nine months, driven by costs for fish, seafood, dairy, and eggs. Transport costs remained a significant driver with an 8.8% annual increase, even as petrol prices fell by 2% between July and August.

While headline inflation rose, core inflation—which excludes volatile food and energy items—eased to 4.1% from 4.2% in July. The data was released as the South African Reserve Bank prepared for an interest-rate decision, with the policy rate at 7%.

Entities

Bank of Korea · South Africa · Statistics South Africa · South African Reserve Bank

Timeline

  1. 6 days ago

    [BUSINESS] 13 sources
    South Africa inflation rises to 4.4% in August

    South Africa’s annual consumer inflation edged up to 4.4% in August from 4.3% in July, driven by rising food and transport costs, despite a slight easing in core inflation.

  2. 12 days ago

    [BUSINESS] 4 sources
    South Korea producer prices rise 0.2% in August

    South Korea's producer price index rose 0.2% in August, driven by heatwave-related spikes in agricultural costs and rising industrial gas prices.

Sources

3news.com · archynewsy.com · biz.heraldcorp.com · businessday.ng · data.london.gov.uk · datafocus.co.kr · economicconfidential.com · fool.ca · insidepolitic.co.za · johnredwoodsdiary.com · observer24.com.na · punchng.com · savings.com.au · scrolla.africa · seoul.co.kr · themalteseherald.com · tokenpost.kr