South Africa: CPI Races to 5.9 Percent, Posing a Fresh Dilemma for Reserve Bank Ahead of Rate Decision

[Daily Maverick] Stoked by rising food prices, South Africa's Consumer Price Index (CPI) accelerated to 5.9% in October from 5.4% in September. This outpaced market expectations and brings CPI to the top of the SA Reserve Bank's 3% to 6% target range just ahead of its next interest rate decision. The central bank is expected to hold rates steady, but the latest CPI read will give it pause for thought.

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