Triple Economic Whammy

SOUTH AFRICA - Report 25 Apr 2014 by Iraj Abedian
The South African economy is struggling under the load of high price increases, raised costs of acquiring credit as well as low spending and a lack of confidence. Compared to twelve months earlier, indicators of inflation for March 2014 reveal that price pressures have escalated (see Graphs 1 and 2). As measured by headline inflation, consumer prices rose by 6.0% year on year (y/y) in March 2014, a pace marginally higher than 5.9% y/y recorded in February 2014. Nonetheless, the March 2014 increase in consumer prices reached a psychologically key pace…The South African Reserve Bank strives t...

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