South Africa’s inflation slowed marginally in January, Statistics South Africa reported Wednesday.
The consumer price index moved up 3.5 percent in January from a year ago. However, this was slightly slower than December’s 3.6 percent increase.
The main contributors to the annual inflation were housing and utilities, food and non-alcoholic beverages and insurance and financial services.
Annual inflation for goods eased to 2.7 percent from 3.0 percent in December. Meanwhile, services inflation remained unchanged at 4.2 percent.
On a monthly basis, the consumer price index moved up 0.2 percent, data showed.
Core inflation, which excludes prices of food, non-alcoholic beverages, fuels, and energy, rose to 3.4 percent in January from 3.3 percent a month ago.
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