By - Franz Wild
Category - Family Hotels In Miami
Posted By - Inn and Suites In West Miami
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| Family Hotels In Miami |
The “fall in petrol prices in the month of May will have
directly shaved 0.3 percentage points off the CPI inflation
print,” Absa Capital Ltd. said in an e-mailed note before the
release of the data. “May is a month in which many goods and
services are not sampled, so there is less capacity for an
inflation surprise.”
South Africa’s gasoline prices in Gauteng, the nation’s
commercial hub, fell on May 1 by 5.5 percent, the biggest drop
since July, after oil declined. Inflation is forecast to average
5.8 percent this year, down from a previous estimate of 5.9
percent, and exceed the bank’s 3 percent to 6 percent target in
the third quarter, South African Reserve Bank Governor Gill Marcus said on May 23.
The combination of high inflation and low economic growth
are leaving the central bank “limited room for maneuver,”
Marcus said on June 6. The bank has kept the benchmark lending
rate at 5 percent since July last year.
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