Inflation edges down to 4.6% in July

Headline consumer inflation softened for a second month in a row in July, edging lower to 4.6 percent year-on-year from 4.9 percent in June, Statistics South Africa (StatsSA) said today. This was in line with market expectations and slightly above the 4.5 percent...

Food price inflation could ease in second quarter

The expected large domestic harvest, the expected softening in global grain prices and recent developments in the meat industry could lead to the easing of consumer food price inflation in South Africa from the second quarter of this year, the Agricultural Business...

SARB leaves repo rate unchanged at 3.5%

The South African Reserve Bank (SARB) today left the repurchase rate (repo rate) unchanged at 3.5 percent as the 2021 consumer inflation was now forecast to moderate slightly lower. SARB governor Lesetja Kganyago said the decision to leave interest rates unchanged was...

Inflation forecast to fluctuate around 4.5%

Headline inflation is expected to fluctuate at the lower end of the 3 to 6% target range, the National Treasury said on Wednesday. As Finance Minister Tito Mboweni tabled perhaps the most difficult Medium-Term Budget Policy Statement in years, due to the devastating...
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