SA's CPI slows further, door open for rate cut

Thursday, June 24, 2010

South Africa's consumer inflation slowed further to a new four-year low in May, leaving the door open for another interest rate cut in July.

Statistics South Africa said yesterday headline inflation slowed to 4.6 percent year-on-year in May, bang in line with Reuters' forecasts and the lowest reading since May 2006, from 4.8 percent in April.

On a monthly basis, CPI was steady at 0.2 percent, also in line with expectations.

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SA's CPI slows further, door open for rate cut

South Africa's consumer inflation slowed further to a new four-year low in May, leaving the door open for another interest rate cut in July.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!