SA inflation surpasses 10% mark

South African inflation surged to its highest level since December 2002 last month, heightening the need for the country's central bank to act against political opposition and raise rates further.

CPIX inflation, the monetary-policy-relevant measure, hit 10.1% in March on the back of higher transport, food and housing costs, Statistics South Africa, the government's statistics bureau, revealed on Wednesday.

Inflation was expected to rise steeply and many analysts had predicted that it would s

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