Stock markets, which have been pushing to record levels as central banks flooded the world with cash, stumbled last week.
New weightings show that oil and electricity will continue to dictate the inflation trajectory.
China's latest growth figures, an EU summit and earnings reports from some of America's largest companies will dominate the global economy this week.
With no big policy meetings and few major data releases scheduled this week, global markets will take their cues from Europe, writes Matt Quigley.
The consumer price index is as good as it gets and it cannot be dismissed lightly, writes Patrick Kelly, from StatsSA.
Consumer price inflation slowed markedly in May, reaching 5.7% year on year thanks mainly to an unexpected drop in some food prices.
The headline inflation rate for April 2012 was 6.1%, Statistics South Africa said on Wednesday.
The consumer price index for urban areas in Rwanda has risen by almost 3% due and this has been attributed partly to higher food prices.
South Africa's consumer price index, which was expected to have increased, has remained steady at 6.1% year-on-year in December.
As Stats SA is due to release December's consumer price index this week, economists suggest consumer inflation is likely to have risen to 6.2%.
South Africa's consumer price index, expected to lift to 0.2%, has increased by 0.1% in November, settling at 6.1% for November.
What exactly in my so-called basket is only costing me 5.3% more than the official CPI figure?
Inflation will slip out of the SA Reserve Bank's target band by the end of 2011 but will leave the repo rate unaffected, economists predict.
Inflation in SA remains "highly persistent" although pressures have been contained by weak demand and a relatively strong rand, says Pravin Gordhan.
The increase in SA's consumer price index was 4.6% year on year in May from 4.2% year on year in April, Statistics SA has said.
South Africa's headline consumer inflation accelerated more than expected to a nine-month high in March, mainly driven by higher food prices.
Confused by the difference between the Consumer Price Index (CPI) and the Production Price Index (PPI)? Read on.
South Africa's targeted consumer inflation slowed to 3,5% year-on-year in December from 3,6% in November, official data showed on Wednesday.
There is a sharp divide between those economists who view the jump in oil and food prices as part of a trend that will bring higher inflation.
South Africa's targeted consumer inflation quickened slightly more than expected in November.