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

2021-09-23 12:29:00 AM

The acceleration to 4.9% in August is largely due to fuel and food prices, say economists 🔒

The acceleration to 4.9% in August is largely due to fuel and food prices, say economists

Lynley DonnellyThe 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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CPI breaches SA Reserve Bank inflation midpoint, but experts say rates to remain unchanged | CitypressOn Wednesday, Stats SA said South Africa’s consumer price index (CPI) in August increased to 4.9% from 4.6% in June and July. I wish I contacted earlier LindaStouffes this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person LindaStouffes Until the whole world get to know how good and generous she's I won't stop saying this cause my life has taken another greatly shape financially, LindaStouffes Having you as my account manager makes me a champion I kept on cashing out weekly, I recommend you all to him Micheal_addy_

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SA's inflation rate up after two months of decreasingThe increase in the inflation rate mirrors the experience of consumers who have found that they are spending more than they used to.