South Africa’s annual consumer inflation rises to 5.6% in February
By Ragheema Mclean Statistic SA has revealed that South Africa's annual consumer inflation accelerated in February, reaching 5.6% from 5.3% in January and 5.1% in December. Market expectations were for a flat to marginally higher print (5.3%-5.4%), with only outliers anticipating anything higher. The consumer price inflation (CPI) has risen for a second consecutive month, driven by product categories such as housing and utilities, food, and non-alcoholic beverages, as well […]