South Africa

South Africa Inflation February 2020

South Africa: Inflation inches up in February

Consumer prices rose 1.0% in February, up from January’s 0.3% increase. According to the Statistical Institute, the acceleration in price pressures chiefly reflected higher prices for miscellaneous goods and services.

Inflation ticked up to 4.6% from January’s 4.5%, thus moving above the midpoint of the Central Bank’s 3.0%–6.0% target band. Similarly, annual average inflation logged 4.2%, matching January’s result, while core inflation inched up to 3.8% (January: +3.7%).

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