August inflation up more than forecast on food, electricity prices

South Africa’s annual inflation rate rose more than forecast in August as food prices grew at the fastest pace in more than a year.
Published on

By Prinesha Naidoo

(Bloomberg) – South Africa's annual inflation rate rose more than forecast in August as food prices grew at the fastest pace in more than a year.

Consumer prices grew 4.3% compared with 4% in July, the Pretoria-based Statistics South Africa said Wednesday in an emailed statement. The median estimate of 16 economists in a Bloomberg survey was 4.2%.

Key insights

Related Stories

No stories found.
BizNews
www.biznews.com