Financial News: South African Inflation Remains Stable At 3.2%

South African Inflation Remains Stable At 3.2%

03/19/2025 - 06:34:00 (RTTNews)

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

The consumer price index, or CPI, climbed 3.2 percent year-on-year in February, the same as in the prior month.

Moreover, 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, eased slightly to 3.4 percent in February from 3.5 percent in January.

Costs for housing and utilities alone grew 4.4 percent in February from last year, and those for food and non-alcoholic beverages increased 2.8 percent. Meanwhile, transport charges were 0.5 percent less expensive.

On a month-on-month basis, consumer prices increased 0.9 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Deteriorates Modestly Less Than Estimated In April (09 min(s), 07 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

Russia Holds Key Interest Rate As Expected (32 min(s), 07 sec(s) ago)
(RTTNews) - The Bank of Russia left its interest rate unchanged as widely expected on Friday, desp ...Full Story»

UK Retail Sales Rise; Consumer Sentiment Weakens (01 hr(s), 19 min(s), 07 sec(s) ago)
(RTTNews) - UK retail sales grew unexpectedly in March as good weather boosted demand for clothing ...Full Story»

Iceland Producer Price Inflation Eases To 8.3% (04 hr(s), 33 min(s), 07 sec(s) ago)
(RTTNews) - Iceland's industrial producer price inflation moderated in March after acceleratin ...Full Story»

French Manufacturing Confidence Rebounds In April (06 hr(s), 02 min(s), 07 sec(s) ago)
(RTTNews) - The confidence among French manufacturers rebounded strongly in April to the strongest ...Full Story»

UK Retail Sales Rise Unexpectedly (07 hr(s), 02 min(s), 07 sec(s) ago)
(RTTNews) - UK retail sales grew unexpectedly in March as good weather boosted sales of clothing a ...Full Story»

Hungary Jobless Rate Falls To 4.3% (07 hr(s), 21 min(s), 07 sec(s) ago)
(RTTNews) - Hungary's unemployment rate decreased slightly in the January to March period, dat ...Full Story»

UK Auto Production Surges On Foreign Demand In March (07 hr(s), 40 min(s), 07 sec(s) ago)
(RTTNews) - Edited third para UK auto production logged a double-digit growth in March but th ...Full Story»