Supply shortages push inflation towards top of Bank’s target band
CPI in March accelerates to 5.9%, while analysts say further tightening of interest rates is needed
SA’s consumer prices edged closer to the upper band of the Reserve Bank’s target range on Wednesday, throwing the Bank deeper in a quandary about taming inflation without choking economic growth.
Data released by Stats SA on Wednesday showed that the inflation rate accelerated to 5.9% in March, closer to the ceiling of the central bank’s target range of 3% and 6%...
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