South Africa inflation slows ahead of elections 2024

Inflation in South Africa eased for the first time this year in March, dropping 0.3% to 5.3% with the elections just six weeks away.

eased for the first time this year in, dropping 0.3 percentage points to 5.3%, official data showed on Wednesday, ahead of general elections in May.six weeks from nowFollowing a two-month upswing, the decrease helped keep the rate within the central bank’s official target range, national statistics agency“The rate has held its ground between 5 percent and 6 percent since September 2023,” it said.

The economy is among voters’ main concerns as South Africans head to the poll on May 29 amid high unemployment, poverty and sluggish growth.at 8.25% in March.Inflation for food and non-alcoholic beverages slowed to 5.1% in March from 6.1% in February.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheSAnews /  🏆 25. in ZA

Malaysia Latest News, Malaysia Headlines

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

Nigeria/South Africa: Paris 2024 - Minister Charges Super Falcons to Break Jinx in South AfricaThe Minister of Sports Development, John Owan Enoh, has tasked the Super Falcons of Nigeria to defeat their South African counterparts in the second leg of their Olympic qualifiers on Tuesday in Pretoria.
Read more »

Converge Africa 2024 (Formerly ECOM Africa) is Africa’s leading Digital Commerce eventAfrican tech news, innovation, geek culture, games and more
Read more »

Africa: 4 Kenyans Named Among Forbes Africa 30 Under 30 Class of 2024Forbes Africa has released its annual 30 Under 30 list, which celebrates the achievements of exceptional young entrepreneurs, innovators, and leaders under the age of 30. This year's list, 2024 Forbes Africa 30 Under 30 list, includes four Kenyans doing exceptional things in different sectors.
Read more »

Sentech Africa Tech Week 2024: Shaping Africa’s Tech FutureSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »

Nando's menu and prices in South Africa for 2024: Updated guideHere is the South African Nando's menu and prices. Nando's is a popular multinational fast-casual chain best known for flame-grilled Peri-Peri style chicken.
Read more »

Legendary Scottish Pop Rock Band Deacon Blue Is Heading To South Africa In February 2024 [Video]South African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »