The latest year-on-year number is 4.6%. This is the lowest it has been since July 2021
Regardless of the instability of world production, there are strong reasons to feel optimistic about grocery prices
Consumer price inflation slowed to 7.6% year-on-year in August after hitting a 13-year high in July
The higher producer prices come after consumer inflation also bucked consensus expectations
Producer price inflation reached 13.1% in April, marking the highest print since 2012
Analysts say the Reserve Bank could start tightening monetary policy as early as next month
Higher international oil prices, for example, could affect local transport costs through second-round effects
But higher petrol and electricity prices are expected to drive up price inflation throughout the economy
The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020
The low consumer price inflation could lead the central bank to cut interest rates, says economists
Figures released by Statistics South Africa showed that CPI increased, mainly because of the increased cost of transport and insurance.
IMF revised its growth forecast for sub-Saharan Africa down to 4.9% from 5.8% in 2015, and SA’s growth has been reduced to 2.1% from a previous 2.3%.
SA’s data diary is full this week with updates on it’s current account, inflation, mining, manufacturing and retail sales over the coming days.
Consumer Price Inflation exceeded the Reserve Bank’s target band of 3% to 6% for the third time in .
Bonds are rallying after the Reserve Bank’s hiked rates in an effort to assure South Africans and investors that inflation will not run away.
The Crop Estimates Committee’s forecast expects 2014’s maize harvest to be the largest in over three decades.
Statistics South Africa says the consumer price inflation rate accelerated to 5.5% year-on-year in September.
Consumer price inflation slowed to 6.1% in February, but "generalised" inflation pressures mean interest rates may still rise sooner than expected.
Zimbabwe’s annual inflation rate remained unchanged at 4.3% in February, according to official statistics.
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/ 23 November 2011
Statistics South Africa says Consumer Price Inflation accelerated in October to 6% year-on-year after economists expected growth to reach 5.9%.