Tag: repo rate

Statistics South Africa (StatsSA) reported on 24 January that consumer price inflation increased from 4.6% year-on-year (y-o-y) in November 2017 to 4.7% y-o-y in December. This resulted in full-year inflation declining to 5.3% last year from a mean of 6.4% in 2016. The latest inflation number is the ninth consecutive monthly reading falling within the South African Reserve Bank (SARB) target range (3%-6%).