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Inflation falls for third month in a row

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Cape Town - Inflation decreased for the third month in a row in June, with the annual consumer price index (CPI) falling to 5.1% after a drop to 5.4% in May, Statistics SA announced on Wednesday.

"This is the third month in a row that we are back within the inflation target band," TreasuryOne said in reaction on Wednesday. "All eyes will be on the SA Reserve Bank's monetary policy committee tomorrow (on Thursday) to see if they make a move on interest rates."

The rand was 0.43% weaker against the dollar on Wednesday, trading at R12.95 against the greedback. It had earlier traded at a low of R12.89/$.

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Rand - Dollar
17.77
-0.8%
Rand - Pound
20.13
+0.5%
Rand - Euro
17.57
+0.2%
Rand - Aus dollar
11.55
-0.7%
Rand - Yen
0.12
-0.4%
Gold
1,716.66
-0.6%
Silver
20.67
-1.9%
Palladium
2,260.50
-2.7%
Platinum
922.00
-1.2%
Brent Crude
91.80
+3.2%
Top 40
59,202
-1.1%
All Share
65,613
-1.1%
Resource 10
63,687
-1.4%
Industrial 25
79,239
-1.1%
Financial 15
13,961
-0.7%
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