Today's Labour News

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Stats SABusinessLive reports that consumer inflation, as measured by the annual change in the consumer price index (CPI), accelerated to 5.1% year-on-year in September, from 4.8% in August.  

This was worse than the economists’ consensus of 4.9%, but remained comfortably within the Reserve Bank’s target range of 3% to 6%.  Food inflation continued to moderate.  Food and nonalcoholic prices rose 5.5% in September from a year earlier, after a 5.7% increase in August and a 6.8% rise in July.  Many economists expect inflation to fall to the midpoint of the inflation target range in early 2018 before stabilising at about 5.5% in the second half of the year.

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