South Africa's October CPI quickens to 6.0pc y/y

JOHANNESBURG: South Africa's targeted consumer inflation quickened faster than expected to 6.0 percent year-on-year in October from 5.7 percent in September, Statistics South Africa said on Wednesday.

On a month-on-month basis inflation also accelerated slightly to 0.5 percent from 0.4 percent in September.

Economists surveyed by Reuters expected CPI to quicken to 5.9 percent on a year-on-year basis and slow to 0.35 month-on-month.