The increase implies that the Reserve Bank may continue its cycle of interest rate hikes for longer than expected, continuing to put pressure on businesses and consumers
SA annual consumer inflation rose for the first time in four months in February, dealing a blow to hopes that the Reserve Bank could soon end its interest rates hiking cycle.
The headline consumer price index rose at an annual rate of 7% in February, up from 6.9% in January, Stats SA said on Wednesday. The Bloomberg median estimate was for an annual increase of 6.8%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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