This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
Bloomberg reports that SA’s annual consumer inflation quickened in May, with the rate reaching the midpoint of the central bank’s target range as higher food and beverage prices contributed to the increase.
Annual consumer-price growth accelerated to 4.5% from a year earlier, compared with 4.4% in April, Statistics SA reported on Wednesday. Inflation has remained within the SA Reserve Bank’s target band of 3% to 6% for more than two years, and the central bank left its key interest rate at 6.75% last month. The Bank’s Monetary Policy Committee seeks to anchor inflation expectations at 4.5%. It sees price growth averaging 4.5% in 2019.
- Read the full original of the report on the inflation rate by Ana Monteiro & Amogelang Mbatha at Moneyweb
Get other news reports at the SA Labour News home page