PRICE pressures continued to moderate last month, fuelling expectations that rate hikes could be at their peak. SA’s inflation numbers, which came out last week, show that consumer inflation numbers came in better than expected, while producer inflation data were also a pleasant surprise.
CPIX inflation (the consumer price index excluding mortgage costs) came in at 5% year on year last month, unchanged from the previous two months, while PPI (the producer price index) was at 9,3% (10%) year on year.
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