Inflation to pull further away from Reserve Bank’s 3% target as fuel prices surge
Stats SA's May CPI—due Wednesday—is forecast to reach 4.6%-5.2%, driven by 28% fuel inflation from Middle East tensions, pushing Sarb toward July rate hike. Shrinking consumer spending and rising borrowing costs will compress IT budgets and force capex deferrals.
South African inflation rose by less than expected in May, which analysts said reduced the likelihood of another central bank interest rate hike next month. Headline consumer inflation quickened to 4.5% year on year…
Consumer prices rise 0.7% in May as housing and transport costs surge
Stats SA reveals a concerning rise in consumer inflation to 4.5% in May, primarily driven by significant increases in fuel prices, as experts weigh in on the implications for the economy.
Fuel prices pushed inflation toa 21-month high but there might not be a ret hike.
South African inflation rose by less than expected in May, which analysts said reduced the likelihood of another central bank interest rate hike next month. Headline consumer…
Stats SA reveals a concerning rise in consumer inflation to 4.5% in May, primarily driven by significant increases in fuel prices, as experts weigh in on the implications for the…