Consumer price index was 5,1% in June, down from 5,2% in May.
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GUEST - Koketso Mano, FNB Senior Economist
Headline inflation was 5.1% y/y in June, down slightly from 5.2% in May. The print was slightly lower than our 5.2% prediction but aligned with the consensus expectation. Monthly headline inflation was 0.1%, driven by core price pressures (contributed over 0.2ppt) and food (added 0.1), while fuel shaved off over 0.2ppt.
Headline inflation was 5.1% y/y in June, down slightly from 5.2% in May. The print was slightly lower than our 5.2% prediction but aligned with the consensus expectation. Monthly headline inflation was 0.1%, driven by core price pressures (contributed over 0.2ppt) and food (added 0.1), while fuel shaved off over 0.2ppt.
