Food, petrol fuel inflation rise
The consumer price index (CPI) for all urban areas rose to 5.9 percent in February, Statistics SA said on Wednesday.
“The rate was 0.1 of a percentage point higher than the corresponding annual rate of 5.8 percent in January 2014,” it said in its key findings on the CPI.
It found that on average prices grew by 1.1 percent between January 2014 and February.
The food and non-alcoholic beverages index increased half a percent between January and February this year.
Components of this index that saw increases included bread and cereals, fish, oils, fats, milk, eggs and cheese, while fruit and cold drinks decreased.
The annual rate increased to 5.4 percent in February 2014 from 4.3 percent in January.
The transport index increased 1.5 percent between January and February, mainly due to the 39 cents a litre increase in the petrol price.
The annual rate increased to 8 percent in February from 7.8 percent in January.
The miscellaneous goods and services index increased by 4.7 percent over the same period and this was largely attributable to the 8.3 percent increase in the price of health insurance.
“The annual rate decreased to 6.2 percent in February 2014 from 7 percent in January 2014,” Stats SA said.
Six provinces recorded annual inflation rates lower than or equal to headline inflation.
These were the Free State at 5.9 percent, the Northern Cape and Kwazulu Natal both at 5.8 percent, the Western Cape at 5.7 percent, the North West at 5.3 percent and Mpumalanga at 5.3 percent as well.
Provinces with an annual inflation rate higher than headline inflation were Limpopo at 6.7 percent and the Eastern Cape and Gauteng both at 6 percent.