Inflation Above 6%

Inflation has broken the 6% barrier. I would say that a rate increase is almost certainly on the way with a good chance of another one following that.

South Africa's targeted CPIX inflation quickened to 6,3% in the year to April, breaching the central bank's 3% to 6% target for the first time since August 2003.

Figures from Statistics South Africa also showed that the all-items consumer price index (CPI) increased by an annual rate of 7% in April, compared to 6,1% in March