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.
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