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Rising Food Prices May Push Inflation Higher in February

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Economy News

Food Prices,Inflation,Interest Rates

Rising international food prices, lower local crop yields, higher fuel charges, as well as increased medical costs may conspire to push inflation higher in February, contrary to economist expectations at the end of last year. This may force the central bank to keep interest rates at a 15-year-high for longer, with some economists already pushing back their rate-cut expectations to later in 2024.

Rising international food prices, lower local crop yields, higher fuel charges, as well as increased medical costs may conspire to push inflation higher in February, contrary to economist expectations at the end of last year. This may force the central bank to keep interest rates at a 15-year-high for longer, with some economists already pushing back their rate-cut expectations to later in 2024. South Africans need to be in the know if we want to create a prosperous future.

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