Tag Archivesinflation

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SA’s inflation showing signs of easing

By Mamello Matikinca, FNB Economist. Today’s CPI survey indicated that inflation is turning the corner, rising 6.6% y/y in January from 6.8% in December. (more…)

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Inflation numbers mark the peak in headline inflation

By Mamello Matikinca, FNB Economist Headline inflation negatively surprised in December, rising 6.8%y/y from 6.6% in November. This is notably higher than our 6.6% forecast and the market expectation of 6.5%. The detail in the survey points to a broadening of inflationary pressures – core inflation (CPI excluding food and NAB, petrol and energy) rose […]

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Tandisizwe Mahlutshana

Petrol hike a reminder to invest to outperform inflation

Last week the price of petrol rose by over 40c. The price of 95 octane petrol has risen around R2.00 per litre since March 2016 with the inland price now at R13.05. If you fill up with 95 octane three times this month and own a car with a 40 L tank, this will now […]

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paul-makube

Meat prices expected to increase up to 15% by December

As braai season approaches, red meat prices are expected to trend higher by at least 9 to 15 percent from now until December due to tight supply and increased demand from consumers during the festive season. (more…)

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Jason Muscat

Slower inflation trajectory likely to provide SARB MPC with justification to keep rates on hold

Jason Muscat, FNB Senior Industry Analyst, comment’s on today’s CPI data. May inflation slowed modestly to 6.1% y/y from 6.2%. This was a pleasant surprise as most forecasts were for a mild acceleration. The below consensus print was largely due to an earlier than expected deceleration in food inflation, although this is likely to be […]

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March CPI: Taking A Breather, But Don’t Hold Your Breath

Headline CPI decelerated sharply in March to 6.3% y/y, from 7% in February, but was nevertheless up 0.8% on a month on month basis. Jason Muscat, FNB Senior Industry Analyst, says the drop was primarily due to the high base of March 2015, “and we expect a re-acceleration in April.” (more…)

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ROOTHMAN

Why inflation targeting is necessary

In this article, Carl Roothman, Sanlam Investments CE of retail business shows that Inflation targeting, though often criticised for stunting economic growth, is very necessary to create price stability which is a requirement for long-term economic growth. High inflation is detrimental to economic growth. It attracts investment to non-productive assets and discourages saving; consumers are […]

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Income and pensions still beat inflation, for now

While the South African economic outlook for 2016 is bearish, banked incomes are still telling a positive story. (more…)

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