SARB inflation target seen as out of reach

SOUTH AFRICA - Consumer inflation surprised on the upside last month, fuelling expectations that the Reserve Bank's targets for next year are getting out of reach, though Business Day reports economists said they did not expect interest rates to rise again this year.

Statistics SA data released yesterday showed that CPIX consumer inflation excluding mortgages, the measure used by the Bank for inflation targeting accelerated to 9.9% last month from 9.8% in June.

It was the ninth consecutive month

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