Economy / General

PPS Investments commentary: CPI for September 2022

Consumer price inflation increased by 7.5% year-on-year in September 2022, down from the 7.6% year-on-year print in the previous month. Inflation now averages 6.7% for calendar year 2022 to date which is well above the top end of the target band.

Political issues expected to affect consumer finances negatively

The overall state of South African consumer finances improved slightly in the third quarter of 2022(Q3 2022). This is according to the latest Momentum-Unisa Consumer Financial Vulnerability Index (CFVI) which indicated that despite improvements, consumers finances remained under pressure.

Trade surplus decrease by R7.2 billion, as loadshedding causes concerns for trade prospects

South Africa’s trade surplus decreased to R7.2bn in August 2022 compared to the surplus of R24.8bn for the previous month. The surplus was lower than market expectations of R23.7bn and the second lowest surplus since May 2020.

Geopolitical uncertainty and high inflation take their toll on the global economy