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South Africa's inflation eases slightly in March

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Staff writer ▼ | April 21, 2016
South Africa inflation
Africa   Inflation slowed to 6.3 percent from 7 percent

South Africa's inflation eased slightly more than expected in March, figures from Statistics South Africa showed.

Inflation slowed to 6.3 percent from 7 percent in February. It was forecast to slow to 6.4 percent. The 7 percent inflation seen in February was the highest since May 2009.

Food and non-alcoholic beverages prices advanced 9.5 percent. Transport and education costs rose 4.5 percent and 4.6 percent respectively.

The consumer price index for goods grew 6.9 percent versus 7.9 percent a month ago. Similarly, inflation for services slowed to 5.7 percent from 6.1 percent.

Month-on-month, consumer prices climbed 0.8 percent in March, in line with expectations.

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