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BusinessLive reports that annual (year-on-year) consumer inflation held steady at 3.2% in February 2025, unchanged from January, according to Stats SA data announced on Wednesday.
However, month-on-month inflation accelerated sharply to 0.9% (up from 0.3%), reflecting increased cost pressures in key categories, particularly fuel, financial services and food. Stats SA’s Lekau Ranoto said recreation, sport and culture, food and nonalcoholic beverages, alcoholic beverages and tobacco and communication recorded higher annual inflation rates in February. “Inflation cooled for several product categories, most notably personal care and miscellaneous services, health, restaurants and accommodation, furnishings, household equipment and routine maintenance and transport,” she indicated. Fuel prices surged by 3.9% month-on-month, after an 82c/l petrol price increase at the beginning of February. Food inflation accelerated to 2.8% year-on-year (from 2.3% in January), driven by rising prices for cereals (up 3.9% year-on-year), fruit and nuts (up 6.8% year-on-year), and nonalcoholic beverages (up 8.5% year-on-year). Meat prices were flat year-on-year, while vegetable prices fell slightly. While inflation remained within the SA Reserve Bank’s 3% to 6% target range, the acceleration in inflation on a monthly basis may influence expectations for the Bank’s interest rate decision on Thursday.
- Read the full original of the report in the above regard by Jana Marx at BusinessLive
- Lees ook, Inflasie onveranderd; kos, mediese sorg en brandstof duurder, by Maroela Media
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