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Inflation expected to remain elevated in the coming months, economists say

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South Africans should expect inflation to remain elevated in the coming months, economists say, as higher diesel prices and input costs ripple through the entire producer supply chain. The Bureau for Economic Research (BER)’s outlook for CPI sits around 7% year-on-year for the next several months, coming off the back of annual producer price inflation (PPI), which remains elevated. PPI data for final manufactured goods slowed to 16.3% in September from 16.6% in August. However, the BER said this is well above the consensus forecast of 15.6%.
31 Oct 2022 2PM English South Africa Business News · Investing

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