2018.07.1806:29:00UTC+00South Africa Inflation Accelerates Less Than Expected

South Africa's consumer price inflation accelerated at a slower-than-expected pace in June, figures from Statistics South Africa showed Wednesday.

Consumer prices climbed 4.6 percent year-over-year in June, faster than the 4.4 percent increase in May. That was below the 4.8 percent rise economists had forecast.

Moreover, this was the strongest inflation in this year so far.

Prices of food and non-alcoholic beverages grew 3.4 percent annually in June and transport costs advanced by 7.3 percent.

On a monthly basis, consumer prices increased 0.4 percent in June versus the expected rise of 0.6 percent.