CPI drops to 4.4% in April - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Statistics South Africa has revealed that the annualEconomists say the lower inflation figure is a welcomed surprised and an indication of a controlled inflation environment.

An Economist at NKC Economists Elize Kruger says, “So clearly today we see that inflation remains well under control, also core inflation came in at only 4,1% that is down from 4, and 4% from the previous months. We see that there’s very little demand side on pricing. The main reason in terms of the monthly growth rate of 0,6 in April were indeed higher fuel prices.”

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BUSINESS MAVERICK: South Africa’s economy may be recovering in Q2 2019, but Q1 was not a hard act to followWhen South Africans went to the polls on 8 May, they may have voted against the backdrop of a recovering economy. Don’t break out the Champagne just yet. A slew of data suggests the economy contracted in the first quarter, dragged down by load shedding and a protracted strike in the gold sector. Green shoots have emerged in April data, which suggests a return to growth. Still, the recovery is fragile and it would not take much to push the economy into recession.
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