inflation to rise

Consumer inflation excluding interest on mortgage bonds (CPIX) is expected to surge to 9,4percent year-on-year in February from 8,8percent a month ago.

Consumer inflation excluding interest on mortgage bonds (CPIX) is expected to surge to 9,4percent year-on-year in February from 8,8percent a month ago.

This will be the 11th month running that CPIX, the measure used by the South African Reserve Bank for its inflation target, has been above the 6percent upper target limit and will be significantly higher than the 4,9percent seen a year ago.

Forecasts ranged from 9,2 to 9,6percent. - I-Net Bridge

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