Double Digits!

StatsSA released the March consumer inflation data today, reporting inflation of above 10% in both the CPI figure, 10.6% y:y,  and CPIX figure, 10.1% y:y.   In February these figures reported y:y rises of 9.8% and 9.4%, respectively.  These double digit numbers are indicative of the escalating inflation pressure in the economy.  Read on