South Africa Inflation Highest In 17 Months




South Africa's consumer price inflation rose to the highest level in fifteen months in February, figures from Statistics South Africa showed on Wednesday.


The consumer price index rose 4.6 percent year-on-year in February, following a 4.5 percent increase in January. Economists had expected to remain unchanged.


The latest inflation was the highest since November, when it was 5.2 percent.


The main contribution came from food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services.


Prices for food and non-alcoholic beverages increased by 4.2 percent annually in February. Housing and utilities rose by 4.7 percent and those of transport and miscellaneous goods and services grew by 6.2 percent and 6.3 percent, respectively.


The core inflation, which excludes prices of non-alcoholic beverages, fuels and energy was 3.8 percent in February.


On a month-on-month basis, the consumer price index rose 1.0 percent in February.

0 views
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram