JOHANNESBURG - South Africa's latest consumer price inflation figures are set to be released this week.
Investec has forecast inflation will rise slightly to 2.9 percent in May, up from 2.8 percent in April.
While this marks a marginal increase, the rate remains well below the South African Reserve Bank’s target midpoint of 4.5 percent.
Investec economist Lara Hodes notes that fuel prices are likely to have had minimal impact on the overall inflation figure for May.
Meanwhile, core inflation -- which excludes volatile items like food and energy -- is also expected to have remained subdued.