‘For a net oil importer like SA, this is good news and has created room for very strong deflation in domestic fuel prices’
Falling fuel prices and collapsing demand are likely to outweigh the effects of a weaker rand, and could push consumer inflation towards 17-year lows, according to investment bank BNP ParibasBNP Paribas sees inflation averaging just 2.
To add to this, BNP Paribas’s assessment of core inflation — inflation excluding food and fuel prices — suggested that price items sensitive to economic activity, such as restaurants, hotels and maintenance and repair prices, are likely to slip into deflation territoryThese factors, among others, suggest that headline consumer inflation could average the “near historic low” of 2.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Falling fuel price could push inflation to 17-year low, BNP Paribas says‘For a net oil importer like SA, this is good news and has created room for very strong deflation in domestic fuel prices’
Read more »
Falling fuel price could push inflation to 17-year low, BNP Paribas says‘For a net oil importer like SA, this is good news and has created room for very strong deflation in domestic fuel prices’
Read more »
Pan African limits production losses from Covid-19The miner says production for 2020 is expected to fall only 5% from its March forecast because it lifted output from substituted production
Read more »
Zimbabwe printing new notes as inflation nears 1,000%Three men were arrested and charged for illegal possession of firearms after the discovery of three rifles and two pistols at their premises in Doringkop, KwaZulu-Natal, on Saturday.
Read more »
Zimbabwe printing new notes as inflation nears 1,000%Zimbabwe has begun printing new notes in $10 and $20 denominations at a time when annual inflation stands at 926%, according to a state media report.
Read more »
Why Safta win was so emotional for Seputla SebogodiActor Seputla Sebogodi says he never in his wildest dreams imagined winning another prestigious golden horn statue after his first one was stolen and vandalised upon recovery years ago.
Read more »