JOHANNESBURG - All eyes are on Wednesday’s release of September inflation data.
FNB expects headline inflation to rise slightly to 3.4 percent year-on-year, with monthly inflation up 0.2 percent driven by a rebound in fuel and food prices.
Nedbank shares a similar view, citing a smaller drop in petrol prices and rising meat costs following a foot-and-mouth outbreak.
Food inflation is seen climbing to 5.3 percent while housing and transport costs also add upward pressure.
Still, core inflation is expected to remain steady at 3.1 percent, signalling contained underlying price pressures.