Business Live reports that consumer inflation slowed in February, as food inflation moderated, but remained outside the Reserve Bank’s 3%-6% target range.  

Statistics SA reported  on Wednesday that the consumer price index (CPI) rose 6.3% in February compared with a year earlier.  That compares with 6.6% in January.  Food and nonalcoholic beverages inflation came in at 9.9% year-on-year in February — but inflation for food alone was 10%.  Food was one of the main drivers of high consumer inflation last year, but economists agree that the factors pushing up inflation last year will improve this year.  The Reserve Bank’s forecast at its last monetary policy meeting was for CPI inflation to average 6.2% this year.

• Read this report in full at BusinessLive
• See too, Consumer inflation slows to 6.3% in February, at Business Report

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