FNB House Price Index heads into deflation

The FNB House Price Index continued its declining year-on-year percentage change trend in November, to record its first month of average price deflation by this measure to the tune of -0.2%. This is significantly worse than the +1.3% revised year-on-year inflation rate of October. On a month-on-month basis -0.3% deflation was recorded, down from zero percent in the previous month.

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