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
17 April 2019 - 10:43
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%.
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