Inflation of 7% may spell interest rate increase

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Inflation of 7% may spell interest rate increase
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Increase implies Reserve Bank may keep raising interest rates for longer than expected

Consumer inflation rose for the first time in four months in February, partly reflecting rising costs associated with load-shedding and potentially sealing the case for yet another interest rate hike next week.This article is reserved for our subscribers.

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Inflation rises for first time in months as food price hikes hit 13.6% | BusinessInflation rises for first time in months as food price hikes hit 13.6% | BusinessBig hikes in food prices contributed to a 7% increase in annual consumer inflation in February from 6.9% in January – the first increase in four months. | News24_Business
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