Johannesburg – Inflation in South Africa edged higher in March with food prices recording the highest year-on-year jump in more than a decade, official figures showed on Wednesday.
Inflation for food and non-alcoholic beverages continued to accelerate and was up 14% from March last year, the national statistics agency StatsSA said in a statement.
“This represents the largest annual increase since the 14.7% rise in March 2009,” the agency said.
Overall, consumer inflation rose to 7.1% last month from 7.0% in February and 6.9 percent in January.
Milk, eggs, cheese, sugar, fruit and vegetables were among the most affected products, the agency said.
In a bid to rein in soaring costs, the central bank sharply raised its main interest rate half a percentage point to 7.75% last month.
Inflation has been on the up worldwide, fuelled by supply chain disruptions after the easing of Covid restrictions as well as surging energy and food prices following Russia’s invasion of Ukraine.
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Source: AFP
Picture: Twitter/ @HendricksSumaya
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