South Africa consumer inflation rose to 7.0% y/y in February

Kitco Media
By Reuters
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Updated:
Reuters
JOHANNESBURG, March 22 (Reuters) - South Africa's headline consumer inflation rose to 7.0% year on year in February from 6.9% in January, data from Statistics South Africa showed on Wednesday. On a month-on-month basis, consumer inflation was at 0.7% in February compared to -0.1% in the previous month. Core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, was at 5.2% year on year in February, from 4.9% the previous month.


On a month-on-month basis core inflation was at 0.8% in February, compared to 0.2% in January. (Reporting by Bhargav Acharya; Editing by James Macharia Chege)

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