Inflation forecast up at 5.2%

Consumer inflation excluding interest on mortgage bonds (CPIX) - the measure used by the South African Reserve Bank (SARB) for its inflation target - is expected to increase to 5.2% in January from December's 5.0%, an I-Net Bridge survey has found.

Three economists expected CPIX to break below 5.0%, while nine of the 14 economists surveyed expected an increase above 5.0%. Forecasts ranged from 4.9% y/y to 5.3% y/y. CPIX was at 4.3% a year ago.

Read more at FIN24.co.za

Easing inflation pressures fuel hopes that Bank may take breather on interest rate increases

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.

Read Full Article at Business Day

Inflation steady at 5%

The increase in South Africa's consumer price index excluding mortgage rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank (SARB) for its inflation target, was up 5.0% year-on-year (y/y) in December, unchanged from November, Statistics South Africa (Stats SA) said on Wednesday.

Read Full Article at FIN24.co.za

Rand slips, eyes inflation data

South Africa's rand was trading weaker against the dollar on Wednesday but keeping within a tight range ahead of domestic consumer inflation data later in the session.
The rand stood at R7.1350/US$ at 08:50, 0.4% weaker than the New York close of R7.1050/$ on Tuesday.

Read Full article at FIN24.co.za