South African consumer inflation quickens to 4.5 pct in March

JOHANNESBURG – South Africa’s headline consumer inflation accelerated to 4.5 percent year on year in March from 4.1 percent in February, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis prices rose 0.8 percent, the same rate as in the previous month.

Core inflation – which excludes the prices of food, non-alcoholic beverages, petrol and energy – was at 4.4 percent year on year, unchanged from February, and 0.7 percent month on month, slowing from 1.1 percent. – Reuters Africa

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