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

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