South Africa inflation ticks up but rate cut still seen next week
South Africa's headline consumer inflation rose to 3.0% year on year in December from 2.9% in November , data from the statistics agency showed on Wednesday.
Good news for homeowners in South Africa next week
Economists are expecting the South African Reserve Bank to cut interest rates again next week – but the outlook beyond that is murkier.
South Africa: January Rate Cut Likely As South Africa Inflation Slows
South Africa's inflation rose to 3% in December 2024 from 2.9% in November, falling short of the 3.2% expected by economists, according to Statistics South Africa. The slower-than-anticipated increase strengthens expectations of a 25 basis-point interest rate cut at the South African Reserve Bank's monetary policy meeting on January 30.
South Africa inflation rises less than expected in December
South Africa's headline consumer inflation rose less than expected in December, to 3.0% year on year from 2.9% in November, data from the statistics agency showed on Wednesday. In month-on-month terms inflation was at 0.
Inflation eases to 4.4% in South Africa, marking the lowest rate since 2020
StatsSA has reported that the average inflation rate for 2024 has dropped to 4.4%, the lowest level since 2020.
South Africa 2024 Inflation Lowest In Four Years
South Africa's annual inflation rate for 2024 dropped to 4.4 percent, the lowest level since 2020, the national statistics bureau announced Wednesday.
Another rate cut likely on muted South African inflation
Inflation came in lower than expected for December, with another interest rate cut next week now seen as likely.
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