Inflation up, but less than expected

April year-on-year inflation up from 6.0% to 6.1% (pdf) but below consensus expectations of 6.2%.

Interest rates aren’t going up anytime soon in my view. With the Greek Fire hanging over all our heads, 2012 and 2013 are going to be tough going for SA.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.