News24 Business | Inflation cools to 2.7% thanks in part to cheaper fuel

SARB governor Lesetja Kganyago has GOOD news for South Africa

South African Reserve Bank (SARB) governor Lesetja Kganyago says declining global oil prices have significantly eased inflationary pressures in South Africa, pushing consumer inflation to its lowest level in nearly five years and offering some relief amid currency depreciation. Speaking on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington, Kganyago acknowledged that while the South African rand h…

South Africa: Government Welcomes Decrease in Consumer Price Inflation

[SAnews.gov.za] Government has welcomed the decrease in headline consumer price inflation to 2.7% in March from 3.2% in February.

South Africa’s Central Bank Head Says Lower Oil Price Easing CPI

South Africa’s central bank Governor Lesetja Kganyago said that lower oil prices have helped drive inflation in the country to a multiyear low and would probably continue to do so.

Inflation eases to 2.7% year-on-year in March – The Mail & Guardian

Consumer inflation dropped to 2.7% year-on-year in March, from 3.2% in February, with decreases registered in the cost of housing and utilities, as well as food and alcoholic beverages.  On a monthly basis, consumer prices increased by 0.4% in March, according to data published by Statistics South Africa on Wednesday.  The annual inflation rate for goods eased to 2% in March from 2.5% and that for services decelerated to 3.5% from 3.8%. Inflatio…

News24 Business | Inflation cools to 2.7% thanks in part to cheaper fuel

Annual consumer inflation cooled to 2.7% in March from 3.2% in February, largely due to lower fuel prices.

Fuel drop on the cards for May

South African motorists may have more reason to smile next month, with petrol and diesel prices likely to drop again, thanks to falling global oil prices and a slightly stronger rand. According to data released by the Central Energy Fund (CEF) at the end of the third week in April, over-recoveries continue to trend positively – a key indicator used to determine monthly fuel price adjustments. Petrol is showing an over-recovery of between 19 and …