South Africans could face rising living and borrowing costs after inflation accelerated to 4% in April, with economists warning that fuel-driven global price shocks — not domestic demand — are complicating the South African Reserve Bank’s interest rate outlook
Annual consumer inflation edged up slightly to 2.9% from 2.8% in October
Economists incorrectly predicted a slight uptick in GDP
Inflation slowed for a third consecutive month, to the lowest it has been since April 2021.