South African Inflation Hits 3 Percent Target in February
South African inflation hit the 3% target in February as price growth slowed. Analysts warn that regional conflict may soon drive energy costs higher.
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Annual consumer inflation in South Africa cooled to the central bank's official target in February, according to data released on Wednesday. However, the achievement may be short-lived as the economic consequences of the conflict involving the United States and Israel against Iran begin to permeate global markets.
