South Africa's Consumer Price Index (CPI) inflation increased slightly in December, rising to 3% from 2.9% in November.

As part of its year-end review, Stats SA also reported that the average inflation rate for 2024 was 4.4%, a decrease from the 6% average in 2023.

Inflation for food and non-alcoholic beverages edged up to 2.5%, up from 2.3% in November.

The annual inflation rate for bread and cereal products remained steady at 3.7%, although prices for some items, including brown bread, saw monthly declines-down 0.6% between November and December.

Channel Africa business reporter Innocent Semosa filed this report.

South Africa's Consumer Price Index (CPI) inflation increased slightly in December, rising to 3% from 2.9% in November.
As part of its year-end review, Stats SA also reported that the average inflation rate for 2024 was 4.4%, a decrease from the 6% average in 2023.
Inflation for food and non-alcoholic beverages edged up to 2.5%, up from 2.3% in November.
The annual inflation rate for bread and cereal products remained steady at 3.7%, although prices for some items, including brown bread, saw monthly declines-down 0.6% between November and December.
Channel Africa business reporter Innocent Semosa filed this report.

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In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.