Slowing South Africa CPI Gives SARB More Room to Pause on Rates

  • Inflation rate fell to 6.1% last month from 6.2% in April
  • Reserve Bank increased rates four times since July to 7%

South African inflation unexpectedly slowed for a third month in May as food-price growth decelerated, giving the Reserve Bank room to keep interest rates unchanged to support an economy at risk of falling into recession.

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