South Africa: Inflation remains steady in October
Consumer prices increased 0.24% in October over the previous month, below the 0.25% increase logged in September. October’s result marked the softest rise in prices since June. Looking at the details of the release, prices for housing and utilities rose at a marginally slower pace in October, and price pressures for transport were stable.
Inflation came in at 5.0% in October, matching September’s reading. The trend improved, with annual average inflation edging up to 4.1% in October (September: 4.0%). Lastly, core inflation was stable, coming in at September’s 3.2% in October.