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South African inflation rose to 5.9% in October 2023 from 5.4% in September, above market expectations. Food inflation accelerated, driven by egg and chicken panic buying and higher transport costs after fuel price increases.
Higher South African inflation reflects tight poultry supply and fuel costs, with a weaker rand possibly raising the cost of imported feed ingredients.
businesstech.co.zaGovernmentNov 22, 2023After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% over 20.
Not 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.
