South Africa's CPI falls to 7-year low in March

Apr 18, 2018

South Africa’s headline consumer inflation slowed to 3.8 percent year-on-year in March from 4.0 percent in February, the lowest figure since January 2011, data from Statistics South Africa showed on Tuesday.

Economists polled by Reuters had expected prices to quicken to 4.1 percent on a year-on-year basis.

On a month-on-month basis inflation slowed to 0.4 percent in March from 0.8 percent in February.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was flat at 4.1 percent year-on-year, while on a month-on-month basis it slowed to 0.7 percent from 1.1 percent previously.

Reporting by Mfuneko Toyana; Editing by Joe Brock (Reuters)

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