Inflation rate at 18-month high

The New Age says that food inflation increased by 7,4% year-on-year in July, up from 7,1% previously. This follows comments from Reserve Bank Governor, Gill Marcus who hinted at a rate cut earlier this week because of the downturn in global economies.

Business Report says that the Reserve Bank had forecast that inflation would peak at 6,3%, slightly higher than the target range of between 3% and 6% but it says that Marcus believes the outlook for inflation was "benign" once the administered prices had been stripped from the figures.

Read more:

• The New Age: Inflation hits 18-month high
  
• Business Report: Inflation soars, rate cut eyed
  
• StatsOnline: Latest key indicators