World Economy

S. Africa CPI to Increase

S. Africa CPI to IncreaseS. Africa CPI to Increase

South Africa’s consumer price index will likely show an increase to 4.7% in June 2015, showing a 0.4% month-on-month increase, according to an inflation expert on Tuesday, fin24 reported. This is the fourth monthly increase in year-on-year inflation following six months of decreases, according to The Inflation Factory’s Riyadh Bhyat. “Simple projections of CPI show the y/y rate continuing to increase through to January 2016, with a strong chance of the CPI breaching the 6% ceiling by that time,” he said.