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South Africa’s consumer price inflation slows to 2.9% y/y in February

PUBLISHED: Wed, 24 Mar 2021 08:10:39 GMT

JOHANNESBURG, March 24 (Reuters) – South Africa’s headline consumer price inflation slowed to 2.9% year-on-year in February from 3.2% in January, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, the CPI rose to 0.7% in February from 0.3% in the previous month.

Core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, was at 2.6% year-on-year in February, from 3.3% previously. On a month-on-month basis core inflation rose to 0.6% from 0.1% previously. (Reporting by Mfuneko Toyana; Editing by Alison Williams)

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