Consumer inflation quickened by more than expected to 6.5% year on year in May, breaching the Bank’s target range for the first time since 2017.
Globally, inflation is expected to remain elevated for most of 2022 in both advanced and emerging market economies. "[Local] price inflation will push higher in July and remain sticky at elevated levels in the months to follow. A hawkish US Fed and the recent bout of rand weakness imply that the SARB will be attentive to the risk of capital outflows,” said Jee-A van der Linde at Oxford Economics.
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Not sure how people are meant to survive anymore! Wish salaries increased every quarter to keep up!
Jesus!
More headaches for the ordinary people and small business. High costs for fuel, electricity when you get it food and now bank charges and interest payments. This government is killing us.