Financial News: South Africa Inflation Eases To 5.3%

South Africa Inflation Eases To 5.3%

04/17/2024 - 04:43:00 (RTTNews)

(RTTNews) - South Africa's consumer price inflation softened somewhat in March after rising in the previous two months, figures from Statistics South Africa showed on Wednesday.

The consumer price index, or CPI, climbed 5.3 percent year-on-year in March, slower than the 5.6 percent rise in February.

Nonetheless, the inflation rate remained within the Reserve Bank's target range of 3-6 percent.

The core inflation, which excludes prices of non-alcoholic beverages, fuels, and energy, moderated slightly to 4.9 percent from 5.0 percent.

The annual price growth in food and non-alcoholic beverages slowed to 5.1 percent from 6.1 percent, which was largely attributed to the overall slowdown in inflation.

Transport charges rose 5.3 percent from last year, and costs for housing and utilities were 5.9 percent more expensive.

On a month-on-month basis, consumer prices moved up 0.8 percent at the end of the first quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

China Manufacturing Sector Accelerates In April - Caixin (29 min(s), 52 sec(s) ago)
(RTTNews) - The manufacturing sector in China continued to expand in April, and at a faster pace, ...Full Story»

Australia Private Sector Credit Adds 0.3% In March (26 min(s), 52 sec(s) ago)
(RTTNews) - Private sector credit in Australia was up 0.3 percent on month in March, the Reserve B ...Full Story»

China Manufacturing PMI Slows To 50.4 In April - NBS (21 min(s), 52 sec(s) ago)
(RTTNews) - The manufacturing sector in China continued to expand in April, albeit at a slower pac ...Full Story»

Australia Retail Sales Slump 0.4% In March (16 min(s), 52 sec(s) ago)
(RTTNews) - The total value of retail sales in Australia was down a seasonally adjusted 0.4 percen ...Full Story»

Japan Retail Sales Slip 1.2% On Month In March (44 min(s), 52 sec(s) ago)
(RTTNews) - The value of retail sales in Japan was down a seasonally adjusted 1.2 percent on month ...Full Story»

Japan Industrial Output Climbs 3.8% On Month In March (38 min(s), 52 sec(s) ago)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 3.8 percent on month in Ma ...Full Story»

Japan Jobless Rate Holds Steady At 2.6% (19 min(s), 52 sec(s) ago)
(RTTNews) - The unemployment rate in Japan was a seasonally adjusted 2.6 percent in March, the Min ...Full Story»

South Korea Industrial Production Slips 2.1% In March (14 min(s), 52 sec(s) ago)
(RTTNews) - Industrial production in South Korea was down a seasonally adjusted 2.1 percent on mon ...Full Story»