Consumer spending under pressure as CPI rises to 5.9% - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Consumers’ spending power remains under pressure as inflation continues to rise locally and in the globally economy.

The main contributors to the increase in inflation came from food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services.“Inflation is likely to move up to above 6% in the next couple of months and that is the global phenomenon with inflationary pressures building up.

In these kinds of circumstances, there’s very little that central banks can do but increase interest rates and the South African central bank already indicated that they’ll keep in tapering monetary policy. So I think it’s pretty much a given now that the Reserve bank will again increase interest rates next month.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Today you bless my morning with my profits I don't feel like going to work anymore but I'll get my office and celebrate with my colleagues I know this profits is enough to take care of my family for now until I earn again here. Thank you Harrismayson0 I Salute you Sir 🙌❤️

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 37. in SE

Sverige Senaste nytt, Sverige Rubriker