×

We've got news for you.

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

In the week the last Covid regulations were lifted, enabling theatres, restaurants and cinemas to pack in patrons, inflation figures for May indicate that consumers will have less money to spend on leisure. 

StatsSA reported this week that the May consumer price index (CPI) hit 6.5% — from 5.9% in April and 5.2% in May last year. The May data means inflation has breached the Reserve Bank’s inflation target range of between 3% and 6%, signalling that interest rate hikes could be higher than expected. Economists forecast a hike of up to 75 basis points when the monetary policy committee (MPC) meets on July 21. The current repo rate is 4.75%. ..

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

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.