Data released on Wednesday showed that inflation slowed to 4.4% in April, below expectations. Measured by the annual change in the consumer price index (CPI), inflation decelerated from March’s 4.5%. This was below a poll by Trading Economics, which expected inflation to rise to 4.7%; and the Bloomberg consensus, which expected inflation to remain flat at 4.5%. Nedbank senior economist Nicky Weimar joined Business Day TV to discuss where inflation is headed and how this will affect future monetary policy decisions.
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