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South Africa's headline consumer inflation rose to 5.6% year on year in February from 5.3% in January, led by food, housing and transport. The rise strengthens the case for the central bank to delay interest rate cuts.
Higher-for-longer rates support the rand, which lowers imported feed costs, but food inflation also signals higher domestic food and feed price pressure.
reuters.comMar 20, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
