eNCA
JOHANNESBURG – Annual consumer inflation remained unchanged at 2.8% in May, defying expectations of a slight increase. Statistics South Africa released the latest figures on Tuesday. The rate remains well below the Reserve Bank’s midpoint target of 4.5%. Angelika Goliger, chief economist at EY Africa, says the stronger rand and lower oil prices helped ease
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Inflation stays steady at 2.8% for the month of May
JOHANNESBURG – Annual consumer inflation remained unchanged at 2.8% in May, defying expectations of a slight increase. Statistics South Africa released the latest figures on Tuesday. The rate remains well below the Reserve Bank’s midpoint target of 4.5%. Angelika Goliger, chief economist at EY Africa, says the stronger rand and lower oil prices helped ease