South Africa

South Africa Inflation February 2020

South Africa: Inflation moderates in March

Consumer prices rose 0.3% in March, slowing from February’s 1.0% increase. According to the Statistical Institute, the moderation reflected lower prices for transport and easing food costs.

Inflation fell to 4.1% from February’s 4.6%, thus moving below the midpoint of the Central Bank’s 3.0%–6.0% target band. Meanwhile, core inflation inched down to 3.7% (February: 3.8%), while annual average inflation logged 4.2%, matching February’s result.

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