Annual consumer price inflation rose to 5.9% in March from 5.7% in February, driven in large part by fuel price hikes.
The latest inflation number remains within the SA Reserve Bank’s 3% to 6% target range.
Transport prices increased by 14.3% year-on-year, with fuel prices up by more than 7% between February and March. Compared to a year ago, petrol prices were 33% more expensive, and diesel 35% pricier.
However, flood inflation softened in March, with the annual rate cooling from 6.4% to 6.2%.
Bread and cereal prices continued to climb, increasing by a monthly rate of 1.1% in March following a 2.4% spike in February. Meat, milk, eggs, and sugar-related products also increased.