DStv Channel 403 Sunday, 10 November 2024

Discussion | Consumer Price Index | Inflation eases to 5.3% in March

JOHANNESBURG - The rate at which prices are going up has cooled off a bit. 

Inflation fell to 5.3% in March down from 5.6% in February. The Reserve Band has tried to inflation by raising interest rates.

READ: Inflation Rate | Consumer inflation eases to 6.3% in May

The Reserve Bank targets an inflation band of 3-6% and it’s waiting for inflation to come down more significantly before it starts to cut interest rates.

Wits Economist, Dr Lumkile Mondi spoke to the eNCA.

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