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January PPI slows to 9,2%
South Africa’s producer price inflation slowed to 9,2% year-on-year (y/y) in January from 11% in December, below expectations.
CPIX
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Reserve Bank cuts repo rate by 100 basis points
The South African Reserve Bank’s monetary policy committee on Thursday decided to reduce the repo rate by 100 basis points to 10,5%.
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New inflation index lower, offers hint for rates
South Africa’s price growth was lower in December under a new, re-weighted index, though the fall was less than expected.
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Consumer inflation drops further
Consumer inflation eased further in December, Stats SA said on Wednesday, raising the chance of a 100 basis points cut in the repo rate next month.
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More rate cuts in 2009, economists predict
With both inflation falling and the economy weak, the Reserve Bank will have ample scope to cut interest rates next year, Nedbank said on Wednesday.
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SA inflation eases further
Consumer inflation eased further for a third consecutive month in November, Statistics South Africa said on Wednesday.
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Survey: SA economic confidence at 19-month high
SA economic confidence surged to a 19-month high in November, a survey showed on Thursday, although overall output growth should remain sluggish.
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Mboweni: Inflation outlook improves
SA’s inflation outlook has improved and it is hoped that an easing since August is the start of a consistent downward trend.
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CPIX slows to 12,4%
SA’s targeted CPIX inflation slowed for the second consecutive month to 12,4% year-on-year in October from 13% in September, slightly below forecasts.
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Manuel sees no recession but inflation to fall
S is not facing a recession, Finance Minister Trevor Manuel said on Tuesday, despite major industrialised countries slipping into negative growth.
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Inflation figures ‘good news’ for SA
SA’s targeted CPIX slowed for the first time in a year to 13% year-on-year in September from 13,6% in August, data showed on Wednesday.
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SA credit growth slows, trade gap shrinks
SA’s credit and money supply growth eased in August, while the trade deficit shrank, giving the central bank more reasons to leave rates unchanged.
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Consumer inflation seen accelerating
The CPIX should accelerate in year-on-year terms to 13,3% in August from 13% in July, RMB financial markets research said on Monday.
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Mboweni: Inflation expectations discouraging
SA’s near-term inflation outlook remains disappointing and the central bank will consider the necessary steps to bring it within the target range.
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July CPIX quickens to record 13%
South Africa’s targeted CPIX inflation jumped to a new record 13% year-on-year in July from 11,6% in June, Statistics South Africa said on Wednesday.
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Mboweni says let’s stick with inflation targeting ‘for now’
South Africa was better off with using inflation targeting as an instrument of monetary policy, the governor of the SA Reserve Bank said on Tuesday.
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June CPIX quickens to 11,6%
South Africa’s targeted CPIX inflation accelerated to 11,6% year-on-year in June from 10,9% in May, official data showed on Wednesday.
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Investec says SA inflation figures exaggerated
A two-year delay by Statistics South Africa to implement rebasing and reweighting of the consumer price index basket has resulted in inflated data.
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SA cuts food weighting in new CPI basket
SA consumer price inflation basket will change from 2009 with the weighting for food falling and transport increasing to reflect changes in spending.
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May CPIX jumps to 10,9%
South Africa’s targeted CPIX inflation quickened to a new five-and-half-year high of 10,9% year-on-year in May from 10,4% in April.
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May CPIX seen at new five-and-a-half-year high
South Africa’s targeted CPIX inflation is seen accelerating to a new five-and-a-half-year in May on persistently high food and fuel prices.
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SA in for tough times after stretch of growth
SA is braced for a slowdown after a stretch of solid growth, as higher interest rates coupled with rising food and fuel costs are set to bite.
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The real inflation villain
It is ingrained in the national consciousness that the only way to deal with inflation is for Tito Mboweni to use increasingly large clubs to clobber the consumer with higher and higher interest rates.
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Inflation targeting: Time to take stock
Although now is not the right time to meddle with the inflation-targeting framework, an assessment will be appropriate once the dust has settled, said an economist on Wednesday.
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SA’s July CPIX quickens
The inflation rate targeted by South Africa’s central bank quickened to 6,5% year-on-year in July, coming in above market expectations due to higher food prices. Statistics South Africa said on Wednesday that CPIX (consumer inflation less mortgage costs) accelerated from 6,4% in June, beating the consensus forecast of a 6,1% rate.
