SA consumers forced to tighten belts as CPI rises to 3.2% y/y in March

South Africa’s headline consumer price inflation rose to 3.2 per cent year-on-year in March from 2.9 per cent in February. Statistics South Africa said CPI was flat at 0.7 per cent on a month-on-month basis. Core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, was at 2.5 per cent year-on-year in March, from 2.6 per cent previously. Joining CNBC Africa for more is Patrick Kelly Chief Director at Statistics South Africa, Grace Rodrigues from Bryanston, Tshepang Mofokeng from Katlehong.

Wed, 21 Apr 2021 12:04:10 GMT
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