South Africa's headline consumer inflation rose to 3.2% year on year in January from 3.0% in December, data from the statistics agency showed on Wednesday. Economists polled by Reuters had forecast annual inflation would accelerate to 3.

By Sfundo Parakozov JOHANNESBURG (Reuters) -South African inflation edged up in January in the first release since the statistics agency updated its consumer price basket, but the headline rate remains near the bottom of the central bank's target range.

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Despite the latest inflation figures showing an increase, it still remains at the bottom end of the SARB’s target range.

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