SA inflation data and the effect of Trump’s tariff and policy announcements on the US economy
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In January 2025, SA inflation increased slightly to 3.2%, which is at the lower end of the Reserve Bank target and at levels that have been under control for some time. Inflation is expected to track higher from mid-year, possibly to 4.7% by the end of December. This means the Reserve Bank can easily keep rates on hold with a slight bias to the downside.
With US President Donald Trump’s announcement of tariffs affecting Mexico, Canada and China, and increased uncertainty about the progression of the Russia-Ukraine war, evidence is mounting that uncertainty is undermining the US economy. There is a significant falloff in confidence, while inflation expectations are ratcheting up, and consumer spending declined in January.
Click here to listen to the podcast.
With US President Donald Trump’s announcement of tariffs affecting Mexico, Canada and China, and increased uncertainty about the progression of the Russia-Ukraine war, evidence is mounting that uncertainty is undermining the US economy. There is a significant falloff in confidence, while inflation expectations are ratcheting up, and consumer spending declined in January.
Click here to listen to the podcast.
