South African Inflation Exceeded the Target Range for Second Month in May

(Bloomberg) -- South African inflation accelerated to
an annual 6.4 percent in May, exceeding the central bank's 3
percent to 6 percent target range for a second consecutive month,
increasing speculation of more interest rate increases.

The CPIX inflation rate, which excludes mortgage costs, rose
from 6.3 percent in April, Pretoria-based Statistics South Africa
said today. Inflation was expected to be unchanged, according to
the median estimate of 16 economists surveyed by Bloomberg. Prices
rose 0.6 percent in the month.


Read more at Bloomberg Emerging Markets News