Inflation accelerates in March after painful fuel price increase
After a reprieve at the end of 2019 and in January, fuel prices have started to rise again
Another fuel price hike in March led to inflation hitting the midpoint of the Reserve Bank’s 3%-6% target range. Inflation, as measured by the annual change in the consumer price index (CPI), accelerated to 4.5% in March from February’s 4.1%. This was slightly below a poll by Trading Economics, which expected inflation to rise to 4.6%.
PODCAST: South African consumers are going through the most...