WATCH: Why inflation has moderated
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.
Nedbank Senior Economist Nicky Weimar talks to Business Day TV about the consumer price index data
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