South African inflation accelerated after the statistics office revised the data used to calculate household expenditure, giving policymakers reason to be cautious about cutting interest rates next month.
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Consumer prices rose 3.2% in January from a year earlier, compared with unrevised 3% in the prior month, Pretoria-based Statistics South Africa said in a statement on its website on Wednesday. That matched the median of 16 economists’ estimates in a Bloomberg survey.