South Africa: Inflation rises in June from May
Latest reading: Consumer prices rose 5.0% in annual terms in June, following a 4.5% rise in the previous month. June’s reading was the strongest since June 2024.
Relative to the previous month’s figures, there were higher price pressures for housing and utilities (+5.5% in annual terms vs +5.3% in May) and transportation (+12.7% vs +9.4% in May). In contrast, price pressures eased for food and non-alcoholic beverages in June (+1.6% vs +1.9% in May).
Meanwhile, core consumer prices were up 4.1% on a year-on-year basis in June, following a 3.8% rise in the previous month.
Lastly, consumer prices were up 0.75% in June in month-on-month terms, following a 0.66% rise in the previous month.