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S. Africa Consumer Price Inflation Holds Steady In November

South Africa's consumer price inflation stabilized at a four-month high in November, data released by the Statistics South Africa showed on Wednesday.

The consumer price index rose 5.6 percent year-on-year in November, equaling October's pace of increase. The figure was in line with economists' expectations.

In September, consumer prices rose by 5.5 percent. The latest figure is the highest since May, when inflation was 5.7 percent.

The core CPI, which excludes food and NAB, petrol and energy, rose 4.7 percent year-on-year.

Prices of education increased the most, by 9 percent. This was followed by prices of food and non-alcoholic beverages that rose 7 percent.

Clothing and footwear prices were 3.2 percent higher, while housing and utilities costs were up 6 percent. Health costs rose 5.4 percent and transport charges grew 5.5 percent. Meanwhile, prices for communication remained flat in November.

Sequentially, prices increased by 0.2 percent between October and November.

by RTT Staff Writer

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