Subscribe & Follow
Jobs
- Store Manager Bredasdorp
- Assistant Store Managers and Supervisors George
- Store Manager and Assistant Store Managers Potchefstroom
- Assistant Store Managers AND Supervisors - East Rand Area East Rand
- Store Manager and Assistant Store Managers Western Cape
- Store Manager Witbank
- Office Administrator George
- Store Manager and Assistant Store Manager Vaal Triangle
CPI eases to 5.8% in November
"The headline CPI (for all urban areas) annual inflation rate in November 2014 was 5.8%. This rate was 0.1 of a percentage point lower than the corresponding annual rate of 5.9% in October 2014," said Statistics South Africa (Stats SA) on Wednesday, 10 December 2014.
The food and non-alcoholic beverages index increased by 0.6% between October 2014 and November 2014.
The transport index decreased by 1.2% between October 2014 and November 2014 mainly due to a 45c/litre decrease in the price of petrol.
On average, prices were unchanged between October and November.
The biggest contributors to the annual figure were the housing and utilities as well as the food and non-alcoholic beverages categories which added 1.4% and 1.2% respectively to the figure.
"Inflation is likely to remain relatively contained in the coming months on the back of lower commodity - especially oil - prices. The volatile rand though does pose an inflation risk and we might start seeing the effects of the rand coming through in the numbers later in 2015," said Nedbank economists.
The bank said that the inflation outlook has improved significantly over the past few months and inflation is expected to remain under the Reserve Bank's 6% upper target range well into 2015.
"This, together with the weaker growth outlook, reduces the probability of an interest rate hike at the Monetary Policy Committee's January meeting. Our forecast is for rates to remain on hold throughout the first half of 2015 and then to start increasing in the second half of 2015 to end the year at a repo rate of 6.75%," said the economists.
Source: SAnews.gov.za
![](https://biz-file.com/b/1207/168633.jpg?1)
SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.
Go to: http://www.sanews.gov.za![](/res/img/s.gif)