Fight against food inflation not yet over

Brief relief: Analysts expect food inflation to start climbing again PIC: MORERI SEJAKGOMO
Brief relief: Analysts expect food inflation to start climbing again PIC: MORERI SEJAKGOMO

Analysts at local asset management advisory, Kgori Capital, have sounded warnings over the heightened risk of inflation peaking beyond the central bank’s medium-term range of three to six percent in the third quarter.

In June, inflation cooled to 4.6 percent continuing within the central bank’s objective range and representing a 22-month low. Inflation has been declining in recent months due to decelerating food and fuel prices, as well as the base effects associated with increases in fuel prices last year.

In the calculation of annual inflation, base effects relate to inflation in the corresponding period of the previous year, which if abnormally high, distorts the measurement of inflation in the current period.

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