South Africa Inflation Rises In February

South Africa’s consumer price inflation rose in February after easing sharply in the previous two months, data from Statistics South Africa showed on Wednesday.

The consumer price index rose 4.1 percent year-on-year in February, following a 4.0 percent rise in January, in line with economists’ expectation.

Inflation peaked at 5.2 percent in November.

Contributions to annual inflation from transport and the miscellaneous goods and services components increased in February.

Excluding food and non alcoholic beverages, fuel and energy, inflation was 4.4 percent in February.

On a month-on-month basis, consumer prices rose 0.8 percent in January. Economists had expected a 0.9 percent rise.

The material has been provided by InstaForex Company –

Source:: South Africa Inflation Rises In February

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply