SA Headline Consumer Inflation Rises To 4.5%

SA Consumer Inflation

South Africa’s headline consumer inflation accelerated to 4.5% year-on-year in March – from 4.1% in February.

Statistics SA said on a month-on-month basis, prices rose 0.8%, the same rate as in the previous month.

Core inflation – which excludes the prices of food, non-alcoholic beverages, petrol and energy – was 0.7% month-on-month – slowing from 1.1%.

Chief director for price statistics Patrick Kelly said higher fuel prices were a contributing factor to higher inflation.

EWN