Wednesday November 25, 09:52 AM
S.Africa Oct CPI inflation slows to 5.9 pct y/y
JOHANNESBURG, Nov 25 (Reuters) - South Africa's targeted consumer inflation slowed in line with expectations to 5.9 percent year-on-year in October, returning to the target band for the first time in more than 2-1/2 years, official data showed on Wednesday.
Statistics South Africa said annual headline CPI (NYSE: CPY - news) slowed from 6.1 percent in September while it was unchanged on a monthly basis compared with 0.4 percent the previous month.
A Reuters poll last week forecast CPI would slow to 5.9 percent year-on-year and come in at 0.1 percent on a monthly basis.
(Reporting by Phumza Macanda) Keywords: SAFRICA INFLATION/
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