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Consumers’ spending power remains under pressure as inflation continues to rise locally and in the global economy.

as inflation continues to rise locally and in the global economy. Figures released by Statistics South Africa showed that the annual consumer price inflation rate increased from 5.7% in February to 5.9% in March 2022.

The main contribution to the higher inflation rate came from food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services.

 

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