Consumer inflation drifted up to its highest level since May in September, and recorded its fifth month out of line with the 4.5% midpoint of the SA Reserve Bank’s target range.
September’s increase to 5% year on year — driven by increases in fuel, food and housing and utilities, according to Stats SA — was in line with expectations. But it comes as rising energy prices and supply-chain bottlenecks stoke global inflation fears and developed market central banks make more noise about tightening monetary policy sooner rather than later. ..
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Traders maintain bets on rate rise in 2020 as September inflation jumpsForward-rate agreements show Reserve Bank could hike rate by as much as 50 basis points after consumer prices rise to four-month high Dennismayson9 you're the greatest I've seen so far and I'm happy I didn't lose this opportunity, I'll continue to testify about your amazing platform and how you've changed my life for good 🙏
Source: BDliveSA - 🏆 12. / 63 Read more »
‘Catastrophic’ rise in petrol prices pushes up SA inflation | CitypressAnalysts expect South Africa’s September consumer price inflation (CPI) to accelerate to either 5% or 5.1% from the 4.9% August inflation rate. Who must we blame? Zuma, Ramaphosa, The ANC or the Pandemic? My encounter with Geoffreypreud actually change my life and for that I'll keep upgrading people for his good job thanks once again Geoffrey Lion_For_Truth We re getting closer and closed to a FAILED STATE. SHITHOLE COUNTRY Trump was right VERMIN RULE US.
Source: City_Press - 🏆 7. / 72 Read more »
Food and transport prices puts pressure on customersThe latest figures released by Stats SA show food inflation was at 6.6-percent in September, that’s above the headline inflation of 5-percent. Plus fuel costs are more likely to go up every month 🙃🙄
Source: eNCA - 🏆 49. / 51 Read more »
World stocks advance to one-month highBond yields ease while technology shares and optimism about company earnings offset inflation concerns
Source: BDliveSA - 🏆 12. / 63 Read more »
Netflix South Africa hikes prices above inflation | ChannelThe Netflix South Africa price hike is the first since Netflix launched in South Africa and across Africa in January 2016. AbOvE iNfLaTiOn. Your Naspers overlords are putting pressure on you to make NetflixSA seem like a bad guy, eh? Never mind DSTV increases every year & that Netflix hasn’t increased prices here before. Bury that fact in the “article” and leave the headline to shout. Transparent AF
Source: Channel24 - 🏆 48. / 51 Read more »
Consumers feel the pinch as inflation hits expected 5% mark | CitypressIn line with market expectations, South Africa’s annual consumer price inflation (CPI) rose to 5% in September, up from 4.9% in August and 4.6% in July, Stats SA said on Wednesday. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to leticia_thomas1 on Twitter she guides me through and i made a return of R15500 after a week of trading, connect with her I was introduced into his platform by a friend I met online Dennismayson9. I thought it was a scam company as well.... But I was moved to try once again with Dennismayson9 I just wanna share this with my people, it was a WIN and i am GREATFUL.🙏🙏🙏🙏 GRATITUDES. Thank you MYANC .Job well done
Source: City_Press - 🏆 7. / 72 Read more »