JOHANNESBURG (Reuters) -South Africa’s headline shopper inflation edged as much as 2.9% 12 months on 12 months in November from 2.8% in October, staying slightly below the central financial institution’s goal vary, knowledge from the statistics company confirmed on Wednesday.
Economists polled by Reuters had forecast inflation would speed up to three.1%, inside the South African Reserve Financial institution’s 3% to six% band.
The central financial institution final month lower its major lending price for the second assembly in a row, after inflation dropped beneath the goal vary in October for the primary time in years.
In month-on-month phrases inflation was at 0.0% in November, versus -0.1% in October.
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