Inflation

Inflation for April has eased to 3%. Consumer inflation eased to 2.1%.This is the lowest level recorded in nearly 16 years.The lower inflation might push the Reserve Bank to lower interest rates at its meeting next week.Annual consumer inflation for May eased to 2.1%, the lowest reading recorded since September 2004.By comparison, inflation in April…

Inflation for April has eased to 3%. April inflation has eased to 3%, its lowest level in 15 years.According to data released from Stats SA on Wednesday, annual consumer price inflation is at its lowest level since June 2005, when the rate was 2.8%. Analysts had expected it to moderate to around 3.5% from 4.1% in…