DStv Channel 403 Sunday, 22 December 2024

Inflation eases to an 11-month low

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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.

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