South African Reserve Bank - Monetary Policy Review
Headline inflation fell steadily from April this year to just above the upper limit of the target range, according to the South African Reserve Bank's (SARB) biannual Monetary Policy Review, published in November. The report said that after recording 8.1% in April, inflation declined to 6.1% in September, largely due to falling food and petrol prices.
The report said inflationary pressure in labour markets had also eased, with wage inflation coming down to 8.7% in the second quarter of this year
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