{"id":10038,"date":"2012-04-18T16:23:34","date_gmt":"2012-04-18T14:23:34","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-1-s-africa-inflation-returns-to-target-range\/"},"modified":"2012-04-18T16:23:34","modified_gmt":"2012-04-18T14:23:34","slug":"update-1-s-africa-inflation-returns-to-target-range","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africa-inflation-returns-to-target-range\/","title":{"rendered":"UPDATE 1-S.Africa inflation returns to target range"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* March inflation eases back to c.bank target range<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Strong rand should support lower inflation<\/p>\n<p><span><\/span><\/p>\n<p>* Retail sales jump in Feb<\/p>\n<p> (Adds background, retail sales)<\/p>\n<p><span><\/span><\/p>\n<p>By Xola Potelwa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 18 (Reuters) &#8211; South Africa&#8217;s headline<br \/>\ninflation slowed in March to within the central bank&#8217;s target<br \/>\nrange for the first time in four months, suggesting inflation<br \/>\nmay undercut the bank&#8217;s forecasts and ease pressure for action<br \/>\nin the form of an interest rate rise.<\/p>\n<p><span><\/span><\/p>\n<p>The fall was in line with expectations. However, retail<br \/>\nsales showed a surprise jump, with 7.2 percent annual growth in<br \/>\nFebruary, suggesting strong activity on the high street in<br \/>\nAfrica&#8217;s biggest economy.<\/p>\n<p><span><\/span><\/p>\n<p>Most economists expect the central bank&#8217;s next rate move to<br \/>\nbe up as it seeks to contain inflation, but those expectations<br \/>\nare going to be pushed back if price pressures continue to trend<br \/>\nlower.<\/p>\n<p><span><\/span><\/p>\n<p>Annual inflation braked to 6 percent in the last month of<br \/>\nthe first quarter, from 6.1 percent in February.<\/p>\n<p><span><\/span><\/p>\n<p>The move back to the Reserve Bank&#8217;s 3-6 percent band means<br \/>\ninflation may now peak beneath the 6.5 percent the bank has<br \/>\npredicted for the second quarter of this year.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* March inflation eases back to c.bank target range * Strong rand should support lower inflation * Retail sales jump in Feb (Adds background, retail sales) By Xola Potelwa JOHANNESBURG, April 18 (Reuters) &#8211; South Africa&#8217;s headline inflation slowed in March to within the central bank&#8217;s target range for the first time in four months, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10038","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10038"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10038\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}