South African inflation expectations eased in the fourth quarter, the Bureau for Economic Research said.
Analysts, businesses and labor union officials expect inflation to average 5.5 percent in 2011, down from 6.1 percent forecast in the third-quarter survey, the bureau, based at the University of Stellenbosch, near Cape Town, said in an e-mailed statement today.
The inflation rate will probably average 6.2 percent in 2012, down from a previous forecast of 6.4 percent, the survey showed. Inflation was 3.4 percent in October, close to the lower end of the central bank’s 3 percent to 6 percent target range.
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