June consumer price inflation unchanged at 4.5%

Annual headline consumer price inflation was unchanged at 4.5% for June, according to Stats SA.

This is mid-point within the target range of between 3% and 6% set by the SA Reserve Bank, and in line with the expectations of economists. 

Ahead of Wednesday's announcement, analysts from NKC Economics projected inflation to come in at 4.4%. 

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The main contributors to the 4.5% annual inflation rate were food and non-alcoholic beverages; housing and utilities; and transport. 

The rand was unchanged following the announcement, trading at R13.91/$.