South Africa's annual inflationary rate in Feb slid to 5.7 p.c, down 0.5 p.c. points from Jan to come in the government's target ceiling of 6.0 %, the statistical data agency declared Wed. .Inflation has been steadily easing after rising into double digits in 2008 but longer-term troubles remain as South African regulators have authorized moves to double electricity costs over the next 3 years.
A price rise of roughly twenty-five p.c becomes effective this month, and follows 2 years of similarly big increases. On an once per month basis, costs increased 0.6 p.c between Jan and Feb , Statistical data S. A.claimed.
S. A. is pulling itself out of its first recession after the end of the apartheid regime.The economy grew 3.2 % in the 4th quarter of 2009 but for the complete year, it contracted by 1.8 percent.
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