CPI inches up to 4.1% year/year in February

South Africa‘s headline consumer inflation quickened to 4.1% year on year in February from 4.0% in January, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis prices rose 0.8% from a 0.2% decrease in the previous month.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was at 4.4% year on year in February, unchanged from the rate in January.

On a month-on-month basis core inflation jumped to 1.1% from 0.2% previously.