Inflation drops back into SARB Corridor

Inflation in April came down to 5.3%, from 6.1% reported in March. This is according to data released by Statistics South Africa on Wednesday.

Food and non-alcoholic beverages decreased from 1.5% in March to 1.1% in April. Compared to the previous year, it increased 6.7%. Similarly, transport decreased from 1.1 percentage points in March to 0.7 percentage points in April. However the index increased 4.6% for the year. Miscellaneous goods and services decreased from 1.2% in March to 1.1% in April. It increased by 7.3% for the year.

The consumer price index for services increased by 5.5% for the year, up from 5.4% reported in March.

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