THE SMART NEWS SOURCE | Feb 10 2012 10:48 | LAST UPDATED Feb 10 2012 10:48 |
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Tanzania president sees better inflation by June 2012Tanzania expects its inflation rate to fall to single digits by June from 19.2% it was at in November, also hoping for 7% economic growth. PPI figures raise hope for lower inflationThe Producer Price Index lowers the trajectory for inflation expectations on the production side and early next year could see single digits. Government in the CPI basketInflation figures came in higher than expected as businesses -- and consumers -- face a potential spate of government-controlled price increases. Inflation and retail data indicate consumer recoveryIncreases in inflation and retail sales figures point to a steadily recovering consumer, which bodes well for the South African economy. Rates steady in spite of rand's freefallThe Reserve Bank kept interest rates steady on Thursday, after a sharp overnight depreciation of the rand and amid darkening expectations. Rising inflation sees SA economy treading lightlyWhile the Reserve Bank has left the repo rate unchanged at 5.5%, economists warn that inflation will further pressurise the country's economy. SA Reserve Bank leaves repo rate unchanged at 5.5%In line with market expectations, Reserve Bank governor Gill Marcus says the repo rate will stay at 5.5%, its lowest level in 30 years. SA economy pays high price for wage raisesLabour protests sweeping South Africa are stoking worries about inflation and dealing blows to the long-term prospects of the country's economy. How to survive inflationGareth Stokes asked some of the country's top investment professionals about strategies to protect wealth. A gloomy year for consumers? Quite possiblyThere are two strategies to help you cope this year: reduce debt that isn't productive and keep your nose to the grindstone at work. |
Photos about inflation
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