JOHANNESBURG - Consumer inflation has eased to 5.4-percent, supporting the case for the Reserve Bank to pause on its interest rate hike cycle.
The June figure is significantly lower than the 6.3-percent recorded in May.
But the Reserve Bank is still widely expected to hike rates by a quarter of a percentage point on Thursday.
This despite the inflation rate falling below the central bank’s target ceiling for the first time in 14 months.
It was driven largely by lower food costs.