SA Inflation Rises to 4.4 Percent Ahead of Rate Decision
South African annual headline inflation rose slightly to 4.4 percent in August from 4.3 percent in July. Analysts still expect the central bank to raise interest rates later today despite the modest uptick.
Headline inflation in South Africa rose to 4.4% in August, remaining below expectations ahead of the central bank's interest-rate decision. The reading ticked up from 4.3% in July but missed the 4.5% consensus forecast in a Reuters poll. Economists anticipate the central bank will still proceed with a rate hike despite the modest uptick.
