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inflation

Inflation eases to 4.6%, raising hopes for a rate cut

By Mamello Matikinca, FNB Senior Economist. Headline inflation eased to 4.6% y/y in July, in line with our expectations, from 5.1% in June. The moderation in headline inflation was due to lower fuel, electricity and food prices. (more…)

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Inflation eases to 5.3%, weak growth remains a concern

By Mamello Matikinca, FNB Senior Economist Consumer price inflation staged its first return within the SARB’s target band since August last year, printing 5.3% y/y in April from 6.1% in March. (more…)

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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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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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