Consumer Inflation Eases as Fuel and Education Costs Decline
South Africa’s consumer inflation rate eased in March, in line with market expectations. According to Statistics South Africa, the annual Consumer Price Index (CPI) rose by 2.7%—down from 3.2% in February—marking the first decline in five months. The main contributors to the annual inflation rate included housing and utilities, food and non-alcoholic beverages, as well as restaurant and accommodation services. However, the most significant easing came from lower fuel prices. […]
