ECONOMIC WEEK AHEAD: Inflation expected to have slowed slightly in May

Double digit administered prices and a weak bias exchange rate threaten to worsen inflation

The focus this week will be on consumer inflation data for May, which will be published by Stats SA on Wednesday.

Headline inflation breached the SA Reserve Bank’s 3%-6% upper target in May 2022, posting at 6.5%, and reached a 13-year high of 7.8% in July of that year driven by multiple factors, including elevated fuel prices, supply chain pressures, a weak exchange rate, power outages, an accommodative macroeconomic policy and high global inflation...

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