Plus   Neg

South Africa Inflation At 3-month Low

South Africa's consumer price inflation eased to a three-month low in March, figures from Statistics South Africa showed on Wednesday.

The consumer price index rose 4.1 percent year-on-year in March, after a 4.6 percent increase in February. Economists had expected a 4.3 percent rise.

The latest inflation was the lowest in December, when it was 4.0 percent.

The data was collected in the first week of March, which was before the lockdown came into effect on 27 March.

The main contribution came from food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services.

Prices for food and non-alcoholic beverages increased by 4.2 percent annually in March. Housing and utilities rose by 4.8 percent and those of transport and miscellaneous goods and services grew by 3.4 percent and 6.4 percent, respectively.

On a month-on-month basis, the consumer price index rose 0.3 percent in March. Economists had expected a 0.5 percent increase.

The core inflation, which excludes prices of non-alcoholic beverages, fuels and energy, was 3.7 percent in March. Economists had forecast a 4.3 percent rise.

On a monthly basis, the core CPI rose 0.6 percent in March.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT