South Africa’s consumer inflation expected to fall to 4.5% y/y in June

By bne IntelliNews July 25, 2010
South Africasconsumer inflation is expected to fall to 4.5% y/y in June against 4.6% in Maywith expectations of CPI at 0.3% m/m from 0.2% previously. Private sectorcredit demand is expected to rise by 1.0% y/y, from 0.8% in May, giving thesecond annual rise for two consecutive months. PPI is seen to rise to 7.4% y/yfrom 6.8% in May, with the deficit on the trade account likely to widen to ZAR2bn (USD 268.9mn) from a May gap of ZAR 300mn. Household debt levels remainclose to record highs and companies are too cautious about economic prospectsto borrow further, but banks also have limited funds to extend.

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