Inflation remained unchanged in Feb, despite red-hot maize prices

Consumer inflation unchanged at 3.2% in February – The Mail & Guardian

Annual consumer inflation was unchanged at 3.2% in February at 3.2%, with increases registered in housing and utilities, food and alcoholic beverages and restaurants and accommodation offset by decreases in the services sector, Statistics South Africa said on Wednesday.  On a monthly basis, inflation accelerated to 0.9% in February compared with 0.3% in January. Housing and utilities inflation came in at 4.4%, while that for food and alcoholic b…

February inflation unchanged before March repo rate call, says Stats SA

Stats SA announced on Wednesday consumer price inflation was 3.2% in February, unchanged from January, much cooler than analysts projected.

Inflation remained unchanged in Feb, despite red-hot maize prices

Annual consumer inflation was 3.2% in February, unchanged from January's level. This was cooler than expected, with a median estimate of 15 economists in a Bloomberg survey forecasting a rate of 3.4%.

Despite forecasts of 3.3 percent, inflation remains stable at 3.2 percent in February. Energy and housing remain the main price drivers.

South Africa inflation steady, central bank seen holding rates

By Bhargav Acharya and Sfundo Parakozov South Africa’s inflation rate was steady at 3.2% year on year in Februarythe statistics agency said on Wednesday, a day before the central bank is expected to pause its rate-cutting cycle. Economists had forecast annual inflation would pick up slightly to 3.3%, still well below 4.5% – the level the South African Reserve Bank aims for at the middle of its target range. Analysts polled by Reuters think a rat…