Headline inflation continues to show decline
“It is welcome but not unexpected good news that headline inflation (CPI) for May has continued to show a declining trend.”
In commenting on the CPI, Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says that although food costs remain high, the overall downward trend in headline inflation is converging on earlier consensus expectations of South Africa getting closer to the goal of price stability in the months ahead.
He points out that core inflation remains stubborn for now, however.