The inflation rate was expected to have come in at 5.7% year-on-year‚ according to a survey of leading economists by I-Net Bridge. Forecasts among the nine economists ranged from 5.5% to 5.9%.
CPI increased by 0.3% month-on-month in June from a 0.3% month-on-month decrease in May. The annual CPI average was 5.6% last year compared with 5.0% in 2011 and 4.3% in 2010.
The food and non-alcoholic beverages index increased by 0.1% between May and June‚ while the annual rate increased to 6.8% in June from 6.4% in May.
The following components in the food and non-alcoholic beverages index increased: other food (1.6%)‚ cold beverages (1.5%)‚ hot beverages (1.0%)‚ milk‚ eggs and cheese (0.8%)‚ oils and fats (0.8%)‚ sugar‚ sweets and desserts (0.7%) and fish (0.1%), while three sectors decreased, namely vegetables (-1.0%)‚ fruit (-0.6%) and meat (-0.5%).
The housing and utilities index increased by 0.9% between May and June‚ mainly because of a 1.5% increase in actual rentals for housing and a 1.4% increase in owners' equivalent rent.
The annual inflation rate was unchanged at 5.8% in June.
The provinces with an annual inflation rate lower than or equal to headline inflation were KwaZulu-Natal (5.5%)‚ Limpopo (5.3%)‚ North West (5.2%)‚ Mpumalanga (5.2%)‚ Western Cape (5.0%) and Eastern Cape (4.9%).
The provinces with an annual inflation rate higher than headline inflation were Free State (5.9%)‚ Northern Cape (5.7%) and Gauteng (5.7%).
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