Pressure mounting on SARB to drop interest rates

JOHANNESBURG - Inflation has dropped to 5.3% in March from 5.6% in February.

This is welcome news, as consumers continue to feel the pinch from high fuel and food prices. 

The main contributors were housing and utilities, goods and services, food and non-alcoholic beverages and transport.

READ: Interest rates | Repo rate remains at 8.25%

Food inflation dropped from 6 percent in February, to 4.9% in March.

Though a possible interest rate decrease has been delayed by the Reserve Bank to the latter half of the year, this latest inflation print is encouraging.

Meanwhile, education inflation - which is reassessed every March - is sitting at 6.3%. This is up from 5.7%.