Inflation Continues To Moderate

Siboniso Mawandla | The Republic Mail

According to official statistics from Stats SA, consumer price inflation was dropped to 6.1 percent in March, down from 6.3 percent in February.

The agency says the consumer price index increased by 0.6 percent month-on-month in March 2017.

The South African Reserve Bank has kept the prime lending rate stable at 10.25 percent over the past few meetings, even though inflation has stubbornly remains outside the 3-6 percent target range.

The currency lost 10 percent against the dollar the past two weeks. It has, however, recovered off those lows.

Inflation was 6.6 percent in January, down from 6.8 percent in December.