This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
Fin24 reports that the consumer inflation rate dipped in March, after sustained increases since November 2019 saw the rate reach a 15-month high in February.
According to figures released by Statistics SA on Wednesday, the annual consumer price index (CPI) decreased to 4.1% year-on-year in March 2020, from 4.6% in February 2020. Month-on-month inflation, increased by 0.3%. Stats SA collected the CPI data only for the first three weeks in March as the nationwide lockdown brought economic activity to a standstill in many sectors before the end of the month, dramatically restricting what consumers could buy. The inflation rate for food and non-alcoholic beverages was slightly higher than the overall inflation, at 4.2% year-on-year. Categories that saw the biggest price increases in March were housing and utilities (4.8%) and miscellaneous goods and services (6.4%). Researchers have forecast that prices will fall in coming months. Absa has forecast CPI at around 2.6% in the second quarter of 2020.
- Read the full original of the report in the above regard by Londiwe Buthelezi at Fin24
Get other news reports at the SA Labour News home page