22 Apr 2022
South Africa's core inflation momentum building, says BNP Paribus
By Jeff Schultz, Senior Economist at BNP Paribas South Africa While South African March headline CPI came in slightly below consensus at 5.9% (BNPP and BBG median consensus at 6.0%) from 5.7% in February, the pick-up in core prices to 3.8% y/y (+0.8% m/m) from 3.5% a month earlier is the most important story here,...