PwC focus on CPI - Inflation declines to 4.1% in March

Statistics South Africa (Stats SA) reported on April 22 that consumer price inflation decreased from 4.6% year-on-year (y-o-y) in February to 4.1% y-o-y in March 2020. Inflation averaged 4.4% during the first quarter compared to a South African Reserve Bank (SARB) forecast of 4.5%. Inflation is not a prominent point of analysis in South Africa at the moment wit greater emphasis on the outlook for the economy and employment. However, consumer price dynamics are still being considered by the central bank as it looks at monetary policy tools to support the local economy.

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