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South African Consumer Inflation Slows to 13-Month Low in May

2023-06-21 08:10
South African inflation slowed to a 13 month-low, easing pressure on the central bank to continue raising interest
South African Consumer Inflation Slows to 13-Month Low in May

South African inflation slowed to a 13 month-low, easing pressure on the central bank to continue raising interest rates.

The annual inflation rate was 6.3% % in May, down from 6.8% a month earlier. The median estimate of 13 economists in a Bloomberg survey was 6.5%.

--With assistance from Simbarashe Gumbo.