South Africa's inflation rises to 3.0% y/y in June, as expected
Economists polled by Reuters had predicted inflation would increase to 3.0% in annual terms, at the bottom of the central bank's 3% to 6% target range.
The South African Reserve Bank holds another rate-setting meeting next week.
The bank has cut its repo rate (ZAREPO=ECI), opens new tab twice this year, including at its last meeting in May.
In month-on-month terms inflation was at 0.3% in June, compared with 0.2% in May (ZACPI=ECI), opens new tab, Statistics South Africa said.
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