![]() ![]() “Given elevated concerns about inflation risks currently, the market may initially read such a jump in core CPI inflation as an indication of broadening inflationary pressures,” the economists said. ![]() Core inflation hasn’t accelerated for the past three months. The central bank targets inflation at 3% to 6%, with the MPC preferring to anchor expectations at the midpoint. Overall inflation probably quickened to 7% from 6.9%, they said. That would be the highest rate since February 2017. The core consumer price index, which excludes the effects of volatile items including food and energy, likely rose an annual 5.2% last month from 4.9% in January, Absa economists led by Miyelani Maluleke said in a research note. The core inflation rate probably increased at the fastest pace in six years in February, spurred by a sharp rise in health-insurance premiums, Absa Group said. ![]()
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