Rand gains as consumer price inflation drops for March | Fin24
 
  • Credit Rating

    'I think Moody's will be happy' - President Ramaphosa says plan to deal with Eskom's debt is imminent.

  • 'No Basis in Fact'

    The PIC commission has slammed Iqbal Survé’s claims about Minister Pravin Gordhan.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Rand gains as consumer price inflation drops for March

Apr 18 2018 10:22
Fin24

Cape Town - South Africa's annual consumer price inflation rate for March has come in at 3.8% Statistics SA announced on Wednesday, 0.2% lower than in February. 

This is the lowest rate for an annual CPI increase since February 2011. On average, prices increased by 0.4% between February 2018 and March 2018.

TreasuryONE said in a snap note that the CPI data was lower than the expectations of economists of around 4.1%. 

"The rand reacted positively to the number, and is trading at R 12.00 to the US dollar down from R 12.04/$. The rand, however, is still stuck within tight ranges and needs further impetus to move in either direction," it said. 

According to Stats SA data, some of the biggest relative increases in price between March 2017 and March 2018 were for meat (10%), wine (6.8% ), beer (7.1%) and water (6.9%).

The price of bread and other cereals decreased by 4.8%, while the prices of telecommunications equipment dropped by 15%. 

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

sa economy  |  consumer inflation
NEXT ON FIN24X

 
 
 
 

Company Snapshot

#MINIBUDGET2019

Struggling power utility Eskom will take centre stage at this year's mini budget
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...