Low inflation to mitigate drought effects- Mohohlo

“Inflation globally is very low so we expect the adjustment of prices to reflect that,” Mohohlo said on the sidelines of the World Economic Forum Africa in Cape Town. “When the situation calls for making appropriate adjustments we do.”

Inflation hit 3.1 percent in April, a slight increase on the previous month, and looks likely to continue to rise as food prices react to a severe regional drought, including the ‘maize belt’ in neighbouring South Africa.