DStv Channel 403 Friday, 15 November 2024

CPI increases to 5.4% in September

A shopper fills their basket in a Tesco supermarket: scientists have studied the envirnomental impact of 57,000 products sold in supermarkets in Britain and Ireland

JOHANNESBURG - Inflation has increased to 5.4 percent in September, up from 4.8 percent in August.

Food, housing and fuel costs drove the higher inflation.

READ: CPI increases to 4.8%

This could prompt the SA Reserve Bank to rethink rate hikes next month.

The Reserve Bank's inflation target band is between 3 and 6 percent, with the midpoint at 4.5 being the goal.

Paid Content