CPI eases in September
Headline consumer inflation dropped slightly from 4.3% in August to 4.1% in Septemeber.
The CPI has hovered between 4% and 4.5% since December last year and has been below the Reserve Banks target of 6% since April 2017.
Statistics SA’s Patrick Kelly says main the main contributors were food and non-alcoholic beverages, as well as housing and utilities.
Kelly says consumers are paying more for wine, with the prices climbing steadily since the 2016 drought.
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"The top five inflation rates products are electricity at 11.8%, university boarding fees at 10.7. Wine at 10.2 - so it's tough if you're a university student - medical insurance and bread and cereal products.
"The 2019 wine harvest has been the lowest since 2005".
Kelly says telecommunicators and used cars are some of the lowest inflation rates with -7.3% and 2.2% respectively.
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