Consumer inflation ticks up in December
‘Consumers are on their knees, business is struggling’
22 January 2020 - 11:13
Consumer price inflation (CPI) ticked up in December, in line with expectations, but even with this increase analysts argue inflation is likely to remain muted in 2020.
Though it highlighted weak demand in a struggling economy, and could shore up the SA Reserve Bank’s room for more interest rate easing, some analysts expect it could hold off on further cuts until it can assess the effect of events, including the February budget and the review by ratings agency Moody’s Investors Service that follows in March...
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