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SA inflation eases to 3% but Middle East tensions threaten price stability outlook

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South African consumers can breathe a sigh of relief as inflation eases from 3,5-percent in January, to 3-percent in February. However, analysts say the positive momentum in the form of lower prices is expected to take a negative turn amid the ongoing conflict in the Middle East. The latest data released by Statistics South Africa shows that contributions to the 3-percent annual consumer price inflation rate came from housing and utilities, food and non-alcoholic beverages, as well as insurance and financial services. This latest print brings the inflation rate in line with the Reserve Bank's new 3-percent inflation target. SABC Economics reporter Naledi Mabitsela-Ngcobo reports .....

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