Consumer inflation rose at faster pace in January
Despite inflation coming in at 4.5% in January, it has been at or below the midpoint of the Reserve Bank’s target range since December 2018
19 February 2020 - 11:16
Consumer inflation rose at a faster pace in January due to higher fuel prices, Stats SA data showed on Wednesday.
Despite the annual rate of increase accelerating to 4.5% from a year ago, a seven-month high, January’s print means inflation has remained at or below the midpoint of the SA Reserve Bank’s target range since December 2018. The Bank cut interest rates in January by 25 basis points and is due to next decide on policy on March 19...
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