foodslatest news & developments
Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

Inflation eases to 2.7% year-on-year in March

The South African Reserve Bank is unlikely to cut interest rates next month, because of inflationary pressures that lie ahead

  • Aarti Bhana
1 min read