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

To continue reading...

You must be signed in to use this feature.

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 indvidual account here: