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CPI ticks up marginally for February

Mar 20 2019 10:56
Fin24

SA's annual headline consumer price index (CPI) increased marginally to 4.1% in February from 4% in January, according to Stats SA.

This was slightly below economist expectations.

Ahead of the announcement on Wednesday, NKC African Economics had predicted annual CPI of 4.3% for February.

The increase was, in part, due to higher fuel prices.

"Transport [as a contributor to headline CPI] increased from 0.4 of a percentage point in January 2019 to 0.5 of a percentage point in February 2019," said Stats SA. 

inflation  |  cpi
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