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PwC South Africa is pleased to share its fourth South Africa Economic Outlook report for 2023.
The latest inflation data shows no respite for consumers as headline consumer price inflation inched 0.1 percentage point higher to 7.1% y/y in March 2023 from 7.0% y/y in February, according to the update from Statistics South Africa.
Headline inflation was 7.1% y/y in March, up from 7.0% in February. Compared to the previous month, headline inflation lifted by 1.0%.
Consumer price inflation increased by 7.1% year-on-year in March 2023, slightly up from the 7.0% year-on-year print in the previous month.
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