DStv Channel 403 Wednesday, 04 December 2024

Cost of Living | Inflation up to 5.9%

 

JOHANNESBURG - Inflation went up to 5.9% in October, from 5.4% in September.

The main contributing factors were food, housing and transport costs.

WATCH | Interest rate hikes put pressure on homeowners to sell

Statistics South Africa released the latest inflation data on Wednesday.

The South African Reserve Bank's target band is between 3% and 6%.

The latest inflation data for October will be used by the Monetary Policy Committee to decide on interest rates, to be announced on Thursday.

 

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