ECONOMIC WEEK AHEAD: Economists will keep eye on consumer price inflation data
Tourist accommodation, land transport survey and food and beverages figures are scheduled for release on Monday, writes Sunita Menon
The consumer price index (CPI) is the one to watch in a week in which the state of the consumer will come into focus. Economists will look out for whether inflation will continue to ease and dip below 5% for the first time since November 2015. Statistics SA is to release the inflation figures on Wednesday. On Monday, tourist accommodation, land transport survey and food and beverages figures are scheduled for release, while on Tuesday tourism and migration figures are expected. The Poverty Trends in SA report, a study of absolute poverty between 2006 and 2015, is scheduled for release on Tuesday. The report will provide new Gini coefficient measures and detail the number of people living under various rebased poverty lines. In terms of inflation, First National Bank economist Mamello Matikinca said she expected it to fall below 4.6% year on year in July, but warned that risks to the forecast were high. "Petrol price cuts and lower municipal tariffs should have contributed to the mod...
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