Cecil Kilpin | December 2019 Newsletter

By |2022-01-20T13:29:06+02:00December 18th, 2019|Business, Finance + Economics, Goverment, Newsletter, Tax|

Annual Inflation Continues to Fall A recent report from STATSA states that annual inflation eased further in November, falling to 3,6% from October’s 3,7%. This is the third successive month of disinflation, which means that the pace of price increases is slowing down. November’s reading is the lowest since December 2010 when the rate was 3,5%. The highest rate recorded since December 2010 was 7,0% in February 2016. Since the end of 2016 inflation has been on a downward trend and has remained firmly within the South African Reserve Bank’s 3%–6% monetary policy range since April 2017.   Housing and utilities, miscellaneous goods and services, and food and non-alcoholic beverages were the biggest contributors to the 3,6% increase in November 2019. Food and non-alcoholic beverages’ [...]