DStv Channel 403 Wednesday, 20 November 2024

Inflation eases to an 11-month low

Duis exputo paratus sit torqueo ut.

JOHANNESBURG - Consumer inflation has eased slightly to 6.8-percent.

It dropped from 7.1-percent the month before.

READ: Inflation outlook | Economist says another two hikes coming

However the figure remains far above the Reserve Bank's target band of between 3 and 6-percent.

Food inflation shows no sign of abating - staying above 14 percent in April.

Higher inflation outlooks support the case for the Reserve Bank to increase interest rates.

The bank is expected to raise rates again on Thursday.

Paid Content