SA annual consumer inflation rises to 5.1 percent in October

21st November 2018 By: African News Agency

SA annual consumer inflation rises to 5.1 percent in October

Consumer price inflation rose to 5.1 percent year-on-year in October 2018 from 4.9 percent in September, Statistics South Africa said on Wednesday.

On a month-on-month basis, the consumer price index increased by 0.5 percent in October.

The contribution of the food and non-alcoholic beverages component to the headline annual number decreased from 0.7 percentage points to 0.6 percentage points while that of alcoholic beverages and tobacco dipped from 0.3 to 0.2 percentage points.

The contribution of transport increased from 1.2 percentage points in September to 1.5 percentage points in October.