Consumer inflation slows to 4.1% y/y in March

South Africa‘s headline consumer price inflation slowed to 4.1% year-on-year in March, from 4.6% in February, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, price growth was at 0.3% in March, from 1.0% in the previous month.

Core inflation, which excludes prices of food, non-alcoholic beverages, petrol and energy, slowed to 3.7% year-on-year in March compared with a rate of 3.8% in February. On a month-on-month basis core inflation fell to 0.6%, from 1.2% in the prior month.