South Africa: Inflation drops to three-month low in December
January 20, 2021
Consumer prices increased 0.17% in December over the previous month, after November's flat result. The figure was largely driven by rising prices for housing and utilities. In addition, price pressures for transportation also rebounded.
Inflation came in at 3.1% in December, which followed November’s 3.2%. December's figure represented the lowest inflation rate since September. Annual average inflation fell to 3.3% in December (November: 3.4%). Core inflation was steady, coming in at November's 3.3% in December.
Author: Hanna Andersson, Economist