Headline inflation accelerated to the top end of the Reserve Bank’s 3%-6% target range in October, reinforcing the view that the Bank could maintain its tighter policy stance for longer before adjusting it lower to relieve pressure on indebted consumers and businesses.

The consumer price index (CPI) rose 5.9% year on year in October, the highest since May, Stats SA said in a statement on Wednesday. In September, CPI rose 5.4% on an annual basis. ..

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