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South Africa’s consumer inflation rises in March

(Reuters/TBI Africa.com) South Africa’s headline consumer inflation accelerated to 4.5 per cent year on year in March from 4.1 per cent in February, data from Statistics South Africa showed on Wednesday.

Statistics South Africa said in Johannesburg that on a month-on-month basis, prices rose 0.8 per cent, the same rate as in the previous month.

It said that core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was at 4.4 per cent year on year, unchanged from February and slowing 0.7 per cent month-on-month from 1.1 per cent.

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