South Africa's headline consumer inflation remained unchanged at 5.2% year on year in May 2024, the same as in April, according to data from Statistics South Africa. This figure aligns with market expectations and represents a four-month low. Despite this stability, the inflation rate remains above the South African Reserve Bank's preferred target of 4.5%. Additionally, the month-on-month headline CPI for May was 0.2%, down from 0.3% in April, matching consensus estimates. Core CPI for May was also stable at 4.6% year on year, and 0.1% month on month, both in line with April's figures and market forecasts.
South Africa’s annual inflation rate stood at a four-month low of 5.2% in May 2024, unchanged from April and in line with market forecasts. Still, it remains above the central bank's preferred target of 4.5%.
South African inflation stable in May https://t.co/fV8yKK8FCv https://t.co/X5olYoRKdK
Annual consumer price inflation was unchanged at 5.2% in May in line with some expectations, Statistics SA reported on Wednesday. https://t.co/SUpT1881Zt
🔵 SOUTH AFRICAN INFLATION FLAT AT 5.2% Y/Y IN MAY South Africa's headline consumer inflation came in at 5.2% year on year in May, the same as in April, statistics agency data showed on Wednesday. Full Story via Reuters on PiQ Suite - Link in Bio https://t.co/nQco1Gu6He
⚠️ SOUTH AFRICA'S MAY HEADLINE CPI AT 0.2% M/M VS 0.3% IN APRIL (CONSENSUS 0.2%) - STATISTICS SA **SOUTH AFRICA'S MAY CORE CPI AT 0.1% M/M VS 0.2% IN APRIL (CONSENSUS 0.2%) - STATISTICS SA **SOUTH AFRICA'S MAY CORE CPI AT 4.6% Y/Y VS 4.6% IN APRIL (CONSENSUS 4.6%) - STATISTICS…