South Africa's CPI slows to 6.1 percent y/y in March

Wed Apr 19, 2017 8:08am GMT

JOHANNESBURG, April 19 (Reuters) - South Africa's headline consumer inflation slowed more than expected to 6.1 percent year-on-year in March from 6.3 percent in February, data from Statistics South Africa showed on Wednesday.

On a month-on-month basis, inflation fell to 0.6 percent from 1.1 percent previously.

Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, fell to 4.9 percent year-on-year in March from 5.2 percent and rose to slowed to 0.7 percent on a month-on-month basis from 1.1 percent.

Economists polled by Reuters had forecast a 6.3 percent year-on-year inflation print. (Reporting by Mfuneko Toyana; Editing by James Macharia)

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