We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Inflation remained level at 4.9% in September, aided by energy minister Jeff Radebe’s intervention that month to delay sharp fuel price increases until October. StatsSA reported on Wednesday that September’s consumer price index (CPI) came to 108.9 points, up from 103.8 in September 2017 and 108.4 in August. Inflation, as measured by the annual change in CPI, is the key measure used by the Reserve Bank’s monetary policy committee to set interest rates. The committee is scheduled to announce its next interest rate decision on November 22.

Inflation remaining at August’s 4.9% matched the consensus of a poll of economists done by Trading Economics. October’s inflation figure is likely to show a sharp acceleration due to the R1/l increase in Gauteng’s 95 octane petrol price and R1.24/l increase in the wholesale price of diesel taking effect. StatsSA reported the food component of CPI showed inflation of 3.9%. Average fruit prices fell by 4.9% in September from the same month in 20...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now