MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

Monthly Retail Sales Volatility Obscures Still-Positive 3m/3m Trend

Retail Sales Grow Slightly In June, Consistent With Surveys

Collective Wages Continue To Tick Higher

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Headline Inflation Likely Accelerated in September

SOUTH AFRICA
Inflation data is on the docket in South Africa tomorrow morning (0900BST). As per the median estimate of the Bloomberg survey of analysts, headline CPI likely rose from 4.8% y/y in August to 5.4% in September. The monthly figure is seen at 0.7% (Prior: 0.3%) while core CPI likely moderated slightly to 4.7% y/y (Prior: 4.8%).
  • Goldman Sachs say headline inflation likely rose to 5.3% in September, while core inflation likely edged lower from 4.8% y/y to 4.6% y/y. Among core factors, they project a sharp increase in petrol inflation, slightly offset by food inflation that they expect to have declined from 8.0% y/y to 7.4%.
  • JP Morgan say inflation probably rose to 5.6% y/y in September. They expect core inflation to have remained at 4.8%. That said, they say uncertainty around the forecast is particularly high, given the quarterly survey of OER, domestic workers’ wages, and also less predictable public transportation costs.
  • Nedbank forecast consumer prices to have increased by 0.5% m/m in September, lifting the inflation rate to 5.3% y/y. The upward pressure in September emanated primarily from fuel prices after the price of petrol rose sharply, they say. In addition, food prices are expected to have continued moderating off a high base, still benefitting from the lagged effect of lower global food prices and contained by shrinking household demand.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.