Will sticky inflation risks force the Reserve Bank’s hand?
September consumer inflation came in at 5% against a backdrop of rising global price pressure
20 October 2021 - 16:39
Consumer inflation drifted up to its highest level since May in September, and recorded its fifth month out of line with the 4.5% midpoint of the SA Reserve Bank’s target range.
September’s increase to 5% year on year — driven by increases in fuel, food and housing and utilities, according to Stats SA — was in line with expectations. But it comes as rising energy prices and supply-chain bottlenecks stoke global inflation fears and developed market central banks make more noise about tightening monetary policy sooner rather than later. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.