The JSE’s all share index rebounded back above 56,000 points on Tuesday after gaining 1.05%, led higher by grocery chain Shoprite, which closed 8% higher at R217.11.The all share index has closed above 56,000 only once before, on August 7.The JSE top 40 index has been flirting with the 50,000-point barrier for the past few weeks, and closed 0.83% short of clocking this level for the first time.Statistics SA is scheduled to release July’s consumer price index (CPI) at 10am today. Inflation, as measured by the annual change in CPI, is the primary factor used by the Reserve Bank to set its repo rate.Investec Bank economist Kamilla Kaplan has said she expects July’s CPI report to show a sixth consecutive month of falling inflation. She predicts inflation slowed to 4.7% in July from 5.1% in June."Food price inflation has been moderating on the alleviation of the drought effects, whilst petrol and diesel prices decreased by a substantial 68c and 60c per litre respectively in July," Kaplan...
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