Uptick in inflation is unlikely to ruffle Reserve Bank’s feathers
The acceleration to 4.9% in August is largely due to fuel and food prices, say economists
22 September 2021 - 18:11
The uptick in consumer inflation in August is unlikely to unsettle the SA Reserve Bank’s monetary policy committee (MPC) as it gets ready to pronounce on interest rates on Thursday.
Though annual consumer price inflation (CPI) hit 4.9% in August, the fourth month it has floated above the 4.5% midpoint of the Bank’s target range, the increase — largely due to fuel prices — is broadly in line with market forecasts...
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