Consumer index rises annual 5.5% in November, above estimate Fuel-price inflation slumps to 1.8% from 11.2% in October
South African inflation slowed amid a sharp decline in fuel prices although other categories remained elevated, sending mixed signals to the central bank, which has cautioned it remains wary of ongoing cost pressures.
The consumer price index rose 5.5% in November from a year earlier after a 5.9% gain in October, Pretoria-based Statistics South Africa said Wednesday in a statement. That was slightly above the 5.4% median of 16 economists’ estimates in a Bloomberg survey.