Inflation below midpoint of target strengthens case for Bank rate cut
Lockdown regulations have complicated the collection of upcoming consumer price inflation data, Stats SA says
22 April 2020 - 11:22
Inflation slowed to within the mid point of the Reserve Bank's target range for the first time in 2020, starting a reversal trend that may give it space to add to interest rate cut relief it has already given the Covid-19 ravaged economy.
The rate of change in the consumer price index slowed to 4.1% in March, the lowest level since December. February's 4.6% was the highest since November 2018, according to Stats SA data released on Wednesday. On a month-on-month basis, prices rose just 0.3%, compared with 1% in February...
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