JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation accelerated more than expected to 6.6 percent year-on-year in May from 6.1 percent in April, Statistics South Africa said on Wednesday.
On a month-on-month basis, prices increased by 0.2 percent in May from 0.5 percent previously.
Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was unchanged at 5.5 percent year-on-year, but slowed to 0.1 percent month-on-month compared with 0.4 percent in April.
