Higher electricity tariffs stand in the way of inflation normalising in 2023

concurred with Lings that higher electricity costs would hamper the progress of easing inflation.

Nedbank said risks to the inflation outlook remain to the upside, emanating mainly from the global oil price, the vulnerable rand and administered prices, particularly electricity tariffs. The MPC will hold its first meeting of the year next week. It will probably push through another interest rate hike of about 25 basis points, Lings said.

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Which electricity

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