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Fuel costs push inflation to 4.5%, but easing food prices offer rate relief

Fuel prices pushed inflation toa 21-month high but there might not be a ret hike.

Raccontata dabusinessday.co.zaiol.co.zabusinessday.ng

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iol.co.zaStai leggendo4 h fa

Fuel costs push inflation to 4.5%, but easing food prices offer rate relief

Fuel prices pushed inflation toa 21-month high but there might not be a ret hike.

originale

businessday.ng3 h fa

Fuel shock pushes South Africa's May inflation to highest level since 2024 - Businessday NG

Consumer inflation rose to 4.5% in May from 4.0% in April, marking the third consecutive monthly increase and the highest reading since July 2024, according to data released by Statistics South Africa on Wednesday.

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businessday.co.za3 g fa

ECONOMIC WEEK AHEAD | Sharp consumer inflation spike expected for May

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.

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Timeline cronologica

1. domenica 14 giugno 2026·businessday.co.za
   

   ECONOMIC WEEK AHEAD | Sharp consumer inflation spike expected for May

   Inflation to pull further away from Reserve Bank’s 3% target as fuel prices surge

2. lunedì 15 giugno 2026·iol.co.za
   

   Super El Niño could push inflation into double digits

   While lower oil and fuel prices could provide short-term relief, the longer-term risk to inflation may come from drought conditions and their impact on agricultural production.

3. mercoledì 17 giugno 2026·businessday.co.za
   

   May inflation accelerates to 4.5%, keeping door open for another interest rate hike

   Consumer prices rise 0.7% in May as housing and transport costs surge

4. mercoledì 17 giugno 2026·iol.co.za
   

   Fuel costs push inflation to 4.5%, but easing food prices offer rate relief

   Fuel prices pushed inflation toa 21-month high but there might not be a ret hike.

5. mercoledì 17 giugno 2026·iol.co.za
   

   Fuel price shock pushes South Africa’s inflation to 22-month high of 4.5%

   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…

6. mercoledì 17 giugno 2026·businessday.ng
   

   Fuel shock pushes South Africa's May inflation to highest level since 2024 - Businessday NG

   Consumer inflation rose to 4.5% in May from 4.0% in April, marking the third consecutive monthly increase and the highest reading since July 2024, according to data released by…