South Africa's consumer inflation rate decreased to 5.3% in March from 5.6% in February.
South Africa's consumer inflation rate decreased to 5.3% in March from 5.6% in February, according to Statistics South Africa. The Consumer Price Index fell from 1% to 0.8% month-over-month. The highest annual price increases were observed in education (6.3%), health (6.0%), and housing and utilities (5.9%). Food and non-alcoholic beverage inflation slowed to 5.1% in March from 6.1% in February, marking the lowest annual increase since September 2020.
April 17, 2024
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