Inflation eased in July in line with expectations as flat food prices and slower fuel price increases outweighed pressure from a sharp jump in electricity tariffs.
Though the price of petrol rose again in August and the effect of the recent unrest may add a further “upward bias” to inflation, these factors not expected to force the SA Reserve Bank to raise interest rates in the near future, according to economists. ..
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BUSINESS MAVERICK: Inflation eases in July, giving SA Reserve Bank room to keep lending rates flatSouth Africa’s consumer inflation inched lower in July, to 4.6% year on year from 4.9% in June, with the continued rise in food and meat product prices balanced out by a dip in the cost of education and communications, possibly giving the SA Reserve Bank enough room to keep interest rates flat after it signalled an end to its cutting cycle earlier this year. We are going to vote for the EFF and insource workers and nationalise strategic sectors of the economy and expropriate the land without compensation. No white fragility victimist mentality and it's propaganda is going to stop the EFF. Socialism is our last hope.
Source: dailymaverick - 🏆 3. / 84 Read more »