We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

It’s tempting to feel just a little virtuous when our inflation rate is lower than that of the US for the first time in many years. US consumer price inflation has jumped to 7%, the highest in four decades, with the Federal Reserve looking to start hiking interest rates to combat it. UK inflation has reached a 30-year high of 5.4%, with Europe not far behind.

Meanwhile, SA’s inflation rate has climbed to 5.9%, still just within its 3%-6% target range. The Reserve Bank has revised its forecast for 2022 up to 4.9%, and is gradually hiking interest rates. But SA is still well off the rampant inflation some of its emerging-market peers are seeing, and inflation isn’t the huge issue it has become in advanced economies...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now