South African inflation rockets to 9.4%

Soaring food and transport costs prompted South Africa's inflation rate to leap by more than half a percentage point in February.

Inflation rose for the sixth straight month in February to 9.4% from 8.8% in January. It has outpaced the 6% upper limit of the central bank's target range since April 2007.

Markets' expectations of a rate rise next month rose on the news, despite it being broadly in line with estimates.

Tito Mboweni, the governor of the South African Reserve Bank, told parliament

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account