🔒 A note by audit and advisory firm PwC stated that the cost of public transport had increased by 0.6% since January and was 8.9% more expensive than in February last year .
Inflation is likely to increase gradually over the next few months, but is expected to remain below 5% for most of the year. Photo: Reuters
Figures released by Statistics South Africa on Wednesday showed that CPI increased to 4.1% in February year on year from 4% year on year in January, mainly because of the increased cost of transport and insurance. Linked to vehicle operating expenses, the cost of insurance went up by 6.8% compared with February last year.
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