Real Economy News in Real Time
R/€ = 16.22 Change: 0.06
R/$ = 14.20 Change: 0.07
Au 1316.40 $/oz Change: 12.80
Pt 870.29 $/oz Change: 13.14
 
 
Real Economy News in Real Time
R/€ = 16.22 Change: 0.06
R/$ = 14.20 Change: 0.07
Au 1316.40 $/oz Change: 12.80
Pt 870.29 $/oz Change: 13.14
 
 
BACK

November inflation ticks slightly higher to 5.2%

12th December 2018 BY: News24Wire
Photo by: Bloomberg

November inflation ticked up to 5.2%, according to data released by Statistics South Africa (Stats SA) on Wednesday. 

This is up from inflation of 5.1% recorded for October. 

Advertisement

Analysts from NKC Economics had forecast inflation to come in at 5.2%.

RMB Global Markets Research head Nema Ramkhelawan-Bhana expected inflation figures to be unchanged at 5.1%, due to "relatively stable" fuel prices.  

Advertisement

The main contributors to inflation were alcoholic beverages and tobacco which increased to 4.8%, year-on-year, followed by miscellaneous goods and services which increased by 5.5% year-on-year.

Retail sales data for October will be released at 13:00. NKC analysts expect sales growth to accelerate to 2.5%, from 0.7% recorded in September. 

US consumer inflation data will also be released later with expectations that it will decline to 2.2% from 2.5%, given weaker energy prices in November, according to NKC.  

EDITED BY: News24Wire
EMAIL THIS ARTICLE SAVE THIS ARTICLE
 
 
Prev Next