Johannesburg – The headline consumer price index slowed
to 6.3 percent in February, down from 6.6 percent in January.
However, CPI gained 1.1 percent month-on-month in
February by 1.1 percent.
Inflation was 6.8 percent in December.
The South African Reserve Bank has a targeted range for
inflation of between 3 and 6 percent.
This is according to Statistics SA, which on Wednesday
released the latest CPI figures.
Read also: How South Africans are dealing with inflation
Food and non alcoholic beverages contributed 1.7
percentage points to the year-on-year inflation figure, while household
contents and services decreased from 0.2 of a percentage point in January to 0.1
of a percentage point in February.
Food and non-alcoholic beverages contributed 0.1 of a
percentage point to February’s figure, as did health and transport, which was
mostly due to an increase in the price of fuel.
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