S.Africa’s March inflation slows to 6.0 percent y/y

Economy, Republic of South Africa, South Africa — By AfricaTimes on April 18, 2012 12:35 pm

South Africa’s consumer inflation slowed to 6.0 percent year-on-year in March, in line with market consensus, from 6.1 percent in February, Statistics South Africa said on Wednesday.

On a month-on-month basis, inflation quickened to 1.1 percent, compared to 0.6 percent in February – also as economists’ had expected.

Inflation is now at the upper end of the central bank’s 3-6 percent target band.

Reuters.

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