South African retail sales rose 1.1 percent year on year in February after rising by 1.2 percent in January, Statistics South Africa said on Wednesday.
On a month-on-month basis, sales increased 0.5 percent. They were flat in the three months to February compared with the same period last year, the statistics body said.
Earlier today, Stats SA said that South Africa’s consumer price inflation edged higher to 4.5 percent year-on-year in March from 4.1 percent in February. On a month-on-month basis, consumer prices were up 0.8 percent in March compared with February.
Increases in sin taxes, the #fuel price & #education fees drove up #CPI to 4,5% in March 2019. This is up from 4,1% in February 2019. CPI increased by 0,8% m/m in March 2019. Listen here for more.