Economy / General

PPS Investments: CPI for August 2022

Consumer price inflation increased by 7.6% year-on-year in August 2022, down from the 7.8% year-on-year print in July 2022. Inflation now averages 6.6% for the calendar year-to-date which is well above the top end of the target band. Month-on-month inflation increased by 0.2%, compared to the 1.5% increase the previous month.

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PPS Investments: GDP Q2 commentary

The South African economy contracted 0.7% in real terms during the second quarter of 2022 (seasonally adjusted), which was slightly worse than economists had predicted, but slightly better than the South African Reserve Bank had predicted in their most recent Statement of the Monetary Policy Committee.