Inflation seen slowing further

Shoppers in a shop PIC: PHATSIMO KAPENG
Shoppers in a shop PIC: PHATSIMO KAPENG

Inflation for May could print at 5.9 percent, the lowest in two years, pointing to some relief for consumers who are emerging from the highest cost of living in 14 years.

Estimates provided last week by asset management consultancy, Kgori Capital, suggest a cooling of inflation from its previous highs in the coming months. Kgori Capital investment analyst, Kitso Mokhurutshe told Monitor Business that the expected decline was due to “strong base effects”.

In the calculation of 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.

Editor's Comment
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