Free Trial
JGBS

Futures Off Worst Levels

AUD

A$ Continues To Press Higher

US TSY FUTURES

FV Blocked

US TSY FUTURES

FV Blocked

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

CPI Slows for first time since January

SOUTH AFRICA
MNI (London)

SOUTH AFRICA AUG CPI +0.2% M/M (FCST +0.1%); JUL +1.5% M/M
SOUTH AFRICA AUG CPI +7.6% Y/Y (FCST +7.6%); JUL +7.8% Y/Y
SOUTH AFRICA AUG CORE CPI +0.2% M/M, +4.4% Y/Y (FCST +4.6% Y/Y); JUL +4.6% Y/Y

  • South African headline inflation was largely in line with expectations in August, with CPI expanding by 0.2% m/m and +7.6% y/y.
  • August marked the first month of slowing headline year-on-year inflation since January. The 0.2pp downside surprise was in annualised core reading will provide implies that broad-based price pressures have eased modestly.
  • Whilst service prices edged upwards, goods inflation softened. Of the major sub-categories, only transport prices fell (-0.1% m/m) largely due to easing fuel prices.
  • This applies further pressure to the SARB to continue aggressively tightening in the Thursday meeting, where a 75bp hike is largely expected despite signs of slowing growth materialising. See our comprehensive preview here.

152 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

SOUTH AFRICA AUG CPI +0.2% M/M (FCST +0.1%); JUL +1.5% M/M
SOUTH AFRICA AUG CPI +7.6% Y/Y (FCST +7.6%); JUL +7.8% Y/Y
SOUTH AFRICA AUG CORE CPI +0.2% M/M, +4.4% Y/Y (FCST +4.6% Y/Y); JUL +4.6% Y/Y

  • South African headline inflation was largely in line with expectations in August, with CPI expanding by 0.2% m/m and +7.6% y/y.
  • August marked the first month of slowing headline year-on-year inflation since January. The 0.2pp downside surprise was in annualised core reading will provide implies that broad-based price pressures have eased modestly.
  • Whilst service prices edged upwards, goods inflation softened. Of the major sub-categories, only transport prices fell (-0.1% m/m) largely due to easing fuel prices.
  • This applies further pressure to the SARB to continue aggressively tightening in the Thursday meeting, where a 75bp hike is largely expected despite signs of slowing growth materialising. See our comprehensive preview here.