Financial News: South Africa Inflation Eases To 2.7%, Lowest Since

South Africa Inflation Eases To 2.7%, Lowest Since June 2020

04/23/2025 - 05:28:00 (RTTNews)

(RTTNews) - South Africa's consumer price inflation softened in March to the lowest level in more than four-and-a-half years, figures from Statistics South Africa showed on Wednesday.

The consumer price index, or CPI, climbed 2.7 percent year-on-year in March, slower than February's 3.2 percent stable increase.

The latest inflation rate was the lowest since June 2020, when prices had risen 2.2 percent.

Moreover, the inflation rate came below 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 3.1 percent from 3.4 percent.

The annual price growth in food and non-alcoholic beverages slowed to 2.7 percent from 2.8 percent. Housing and utility costs grew at a stable rate of 4.4 percent, while the decline in transport charges deepened to 2.4 percent from 0.5 percent.

On a month-on-month basis, consumer prices moved up 0.4 percent in March.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May (55 min(s), 49 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month ...Full Story»

U.S. Import, Export Prices Unexpectedly Inch Higher In April (52 min(s), 49 sec(s) ago)
(RTTNews) - The Labor Department released a report on Friday unexpectedly showing modest increases ...Full Story»

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply (48 min(s), 49 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Friday showing a rebound by new res ...Full Story»

Eurozone Trade Surplus Surges On Exports To US (02 min(s), 49 sec(s) ago)
(RTTNews) - The euro area trade surplus grew strongly in March as exports to the U.S increased sha ...Full Story»

U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April (16 min(s), 49 sec(s) ago)
(RTTNews) - The Labor Department released a report on Friday unexpectedly showing modest increases ...Full Story»

U.S. Housing Starts Rebound In April But Building Permits Pull Back Sharply (09 min(s), 49 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Friday showing a rebound by new res ...Full Story»

Hong Kong Q1 GDP Growth Confirmed At 3.1% (38 min(s), 49 sec(s) ago)
(RTTNews) - Hong Kong's economy expanded at an accelerated pace as initially estimated in th ...Full Story»

Italy Trade Surplus Shrinks In March (12 min(s), 49 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in March from a year ago as imports grew f ...Full Story»