The unexpected headline inflation increase in March, among other factors, led to take-home pay slipping marginally during the month, according to the latest BankservAfrica Take-home Pay Index .
Salaries measured in the BTPI have been disappointing over the last 12 months. Consumer inflation reached a 13-year high of 6,9% in 2022 , resulting in a notable erosion of the purchasing power of households. BankservAfrica’s data – adjusted for weekly payments – suggests some jobs were created in February, and the data for March confirms the hesitant recovery with about 216 000 more salaries paid.
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