ECONOMIC OUTLOOK: SA inflation undershoots expectations in May, Sarb may pause rate hikes (opens original article in a new tab)

South African inflation rose to 4.5% in May, below expectations, with lower oil prices and subdued food inflation suggesting the Sarb may pause rate hikes.

• South African consumer inflation rose to 4.5% in May, below the 5.0% forecast.
• Sarb may pause rate hikes due to lower oil prices and subdued food inflation.
• Food inflation hit a 17-month low of 1.6% in May.