Dance for All, Athlone
You are Here: News -> CPI rises to 6.2% in January

CPI rises to 6.2% in January

Return to previous page.

CPI rises to 6.2% in January

by BuaNews Online
24 Feb 2010
BuaNews Online
BuaNews Online

The Consumer Price Index (CPI) rose marginally to 6.2 percent in January, Statistics South Africa (Stats SA) said on Wednesday.


"On average, prices increased by 0.3 percent between December 2009 and January 2010," said Stats SA.

CPI in December came in at 6.3 percent still falling outside the inflation target band.

In January the food and non-alcoholic beverages index increased by 0.7 percent between December 2009 and January 2010 while the transport annual rate increased to 6.2 percent in January from 3.4 percent in December 2009.

According to Stats SA, the monthly index decreased by 0.4 percent between December 2009 and January 2010 due to a decrease in the price of petrol (9c/l decrease in 93 octane and 6c/l decrease in 95 octane).

"The good news is that January is likely to be the last month that inflation will be above the target band - at least for this year," Nedbank economist Carmen Altenkirch told BuaNews.

Altenkirch said some upward pressure over the month likely came from services although this was likely offset by a further decline in prices of some durable goods like cars and lower petrol prices.

"Demand-side inflationary pressures in the economy are likely to remain subdued during the remainder of the year, although inflation is not expected to fall much below 5 percent," Altenkirch said. - BuaNews

Return to previous page.

From our Directory

Salie Optometrists in Lansdowne offer eye testing, contact lenses and a wide range of spectacles. They also accept all medical aids. Call them now for an appointment on 021-7971375.


Coastal Corporate Registrations in Marrakech Village in Vangate City can help your business get registered. They can assist with company name reservations, company registrations and other business secretarial services. Give them a call now on 0216337711.


Do you need professional assistance in taxation matters? Ascend Business Solutions in Lansdowne are professional Accountants and Business Consultants with expertise in the SMME sector. Give them a call on 021-6747690



Contact Us | About athlone.co.za | Copyright | Advertising | Disclaimer

Website Design by BMSC-Online
XHTML CSS