Average consumer price index (CPI) expectations for 2018 remained unchanged at 5.8% in the third quarter, a survey by the Bureau for Economic Research (BER) has established. While analysts and businesspeople have lowered their forecasts, trade unions have revised their projections upwards since the previous survey. Analysts and businesspeople have revised their projections for all forecast years downwards since the previous survey. According to the University of Stellenbosch’s BER, analysts expect inflation to moderate from 5.3% in 2017 to 5.0% in 2018, but then to accelerate to 5.3% in 2019 once more. Previously they forecasted 5.4%, 5.1% and 5.5% respectively. In the third quarter, businesspeople expect inflation to be 6.1% in both 2017 and 2018. Previously they forecast 6.3% and 6.4%, respectively. businesspeople see inflation accelerating to 6.3% (down from 6.5% previously) in 2019. Trade unions lowered their 2017 forecast from 6.0% to 5.8%, but increased their 2018 and 2019 pro...
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