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11 Articles
11 Articles
Inflation ticks up to 3% in June on the back of higher food prices – The Mail & Guardian
Annual consumer inflation rose to 3% in June after holding steady at 2.8% in April and May, driven by higher food prices, Statistics South Africa said on Wednesday. On a month-on-month basis, consumer prices were up 0.3% in June compared with a 0.2% increase the previous month. The main contributors to the year-on-year increase were food and non-alcoholic beverages, which reached a 15-month high of 5.1%, adding 0.9 percentage points to the over…
The slowdown in inflation in July is not a sign that it is on the decline and a cut in the policy rate is not in the cards this year. Annual inflation is measured at 4%, down 0.2 percentage points. This is roughly in line with analysts' forecasts of 3.9-4% inflation in July, except that airfares rose more than forecast. This offsets the increases that are now over for the summer sales. The good news in the July survey is that food prices are unc…
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ZawyaSouth Africa's small inflation rise leaves room for rate cuts, analysts say
Source: Reuters.South Africa's inflation rate edged higher in June, reaching the base of the central bank's target range, but analysts said there was still scope to ease monetary policy. Read more...
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