SA inflation up slightly, jury out on rates

South Africa's targeted consumer inflation quickened slightly in October, suggesting that it may have bottomed and leaving analysts divided on the possibility of further monetary easing.

Statistics South Africa said on Wednesday headline CPI stood at 3,4 percent year-on-year in October, compared with a five-year low of 3,2 percent in September and slightly above a consensus of 3,3 percent in a Reuters poll.

On a monthly basis, CPI was at 0,2 percent, from 0,1 percent in September. The market was expecting 0,1 percent.

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