February 7, 2025
Inflation rate shoots up for second consecutive month

South Africa’s annual inflation rate surged to 5.6% in February, up from January’s 5.3%, marking the highest reading in four months. The increase, reported by Statistics South Africa on Wednesday, exceeded market forecasts of 5.5%, further straying from the Reserve Bank’s preferred 4.5% midpoint within the 3–6% target range…
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