• Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

  • Inside Labour

    The Davos extravaganza is slick PR and no UN-style institution, says Terry Bell.

  • 2015 Gadget preview

    Arthur Goldstuck presents gadgets to connect 2015 to the past and future.

Loading...
See More

Inflation steady at 5.6%

Dec 12 2012 10:24 Reuters

Related Articles

PPI quickens to 5.2% in October

Expert: Marcus begins first real test

Interest rates on hold at 5%

Economist warns on weaker rand

Sarb sounds inflation warning

October inflation quickens to 5.6%

 
Johannesburg - South Africa's headline consumer inflation steadied at 5.6% year-on-year in November from October, in line with market expectations.

Statistics South Africa said inflation braked to 0.2% on a month-on-month basis from 0.6% in October.

The rand firmed to R8.6570/$ at 10:13, from R8.6645 before the data was released at 10:00.

The South African Reserve Bank (Sarb) cut interest rates for the first time in 20 months in July partly because of softer-than-expected inflation prints.

It left rates unchanged in the two meetings since, saying the risks to the inflation outlook were more or less balanced, with higher food and oil prices posing the main upside risk.

Statistics South Africa has changed the weightings in its consumer price index basket to give a slightly lower weighting to food, while petrol and electricity weightings will rise.

The new weights will apply from January 2013.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

inflation

NEXT ON FIN24X

 

Latest Articles

15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
5 top tips to help you save on your next grocery bill Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...