South Africa annual inflation quickens to 6% in Oct 2011.

By bne IntelliNews November 24, 2011
South Africas consumer prices rose 6% y/y in October, up from a 5.7% annual growth in the previous month, Statistics South Africa said. Compared month-on-month the October headline inflation was 0.5%. Inflation was boosted mainly by higher prices for food and non-alcoholic beverages, which grew 2.1% from September to October. Local analysts expect the inflation to remain at the upper limit of the central banks 3%-6% inflation target range for a few months before easing in 2012. The province with the highest inflation rate in October was the Northern Cape with 7.6%, followed by the Eastern Cape with 7.1%, Free State with 6.6%, North West with 6.6%, Mpumalanga with 6.1%, Limpopo with 6.1%, KwaZulu-Natal with 6%, Western Cape with 5.9% and Gauteng with 5.9%.

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