Surge in fuel prices hikes February's consumer inflation to 4.1% | IOL Business Report

JOHANNESBURG – Data released by Statistics SA on Wednesday showed that inflation rose on administered and fuel price increases. Fuel prices increased by 7 cents a litre in February and by 74c a litre this month. Prices are expected to rise by 97c a litre in April as a result of under-recovery.

In January the Sarb’s quarterly Projection Model forecast that headline inflation would average 4.6 percent this year and 4.8 percent in 2019 before increasing to 5.3 percent in 2020 and moderating to 4.8 percent in 2021.PPS Investments portfolio manager Luigi Marinus said prices of water and other services increased by 11 percent year on year in February and electricity and other fuels increased 7.6 percent year-on-year.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Ed Sheeran fans must adhere to instructions to ensure their safety' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.English singer-songwriter, Ed Sheeran, will be in Johannesburg and Cape Town from March the 23 to 28. Due to security concerns, following a crime surge at the Global Citizen Festival - concert-goers have been advised to adhere to strict instructions to ensure their safety.
Source: SABC News Online - 🏆 32. / 51 Read more »