SA consumer inflation eases to 4% | Fin24

SA consumer inflation eases to 4%

Mar 20 2018 11:03

Cape Town – South Africa’s headline consumer price inflation (CPI) eased to 4.0% in February, down from 4.4% in January 2018, according to official figures. 

On average, prices increased by 0.8% between January 2018 and February 2018, Statistics SA announced on Tuesday.

The SA Reserve Bank meanwhile also announced that the current account deficit has widened to 2.9% of GDP in the fourth quarter of 2017.

TreasuryONE said in a snap note on Tuesday morning that the inflation print leaves the door open for the SARB to cut interest rates at next week's Monetary Policy Meeting.

The rand traded steady at around R12 to the US dollar after the release of the data, as the international market remains the driver currently, said TreasuryONE dealer Wichard Cilliers.

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

sarb  |  inflation  |  sa economy  |  cpi


Company Snapshot


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