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BusinesLive reports that consumer inflation accelerated in September, rising back above the 6% upper limit that the Reserve Bank targets when setting interest rates.
The consumer price index (CPI) rose 6.1% in September compared with a year earlier, Statistics SA said on Wednesday, after a 5.9% increase in August and a 6% rise in July. CPI rose 0.2% in September compared with August. Although inflation has breached the 3%-6% target range for much of this year, the Reserve Bank considers it to be stable and expects it to fall back within the target next year.
- Read this report in full at BusinessLive
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