Vangate Mall
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

Want to learn how to drive? Bernard Isaacs driving instructor in Kewtown offers qualified K53 Code 08 driving lessons at a reasonable hourly rate. Call now on 0216383649.


Are you thinking of renovating or building a house? Executive Designs in Athlone can help by drawing up your plans and submitting them to the Council. Give them a call now on 082-9941695.


DT Corporate House is a specialist supplier of branded corporate and promotional wear. If you need your company logo printed on any clothing call them now on 0216373661. Perfect for corporate gifts!



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

Website Design by BMSC-Online
XHTML CSS