Inflation cools to 13-month low in May
Analysts expect the Reserve Bank will remain hawkish in light of the inflation outlook, the rand’s murky prospects, geopolitical risks and the Fed’s hints of further rate hikes
21 June 2023 - 18:00
SA’s annual inflation rate eased further in May, reaching a 13-month low and moved closer to the upper limit of the Reserve Bank’s 3%-6% target range, thanks to slowing food and transport prices, Stats SA said on Wednesday.
Headline consumer inflation cooled for a second consecutive month in May, to 6.3% from 6.8% in April. That’s the lowest level since April 2022 when the rate was 5.9%...
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