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Headline consumer inflation quickened more than forecast to 7.4% year on year in June, versus analysts' predictions for 7.2% and a reading of 6.5% in May. ... South African inflation surged to a ...
While most countries saw a rise in their annual inflation rate during 2021 and 2022, some of the highest rates of increase have been in Europe, Brazil, Turkey and the United States. [ 120 ] [ 121 ] By June 2022, nearly half of Eurozone countries had double-digit inflation, and the region reached an average inflation rate of 8.6%, the highest ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
The consumer price index (CPI) is the official measure of inflation in South Africa. One variant, the consumer price index excluding mortgage costs (CPIX), is officially targeted by the South African Reserve Bank [1] and a primary measure that determines national interest rates.
In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. [34] In 2021, South Africa-based financial institutions managed more than US$1.41 trillion in assets. [35] The total market capitalization of the Johannesburg Stock Exchange is US$1.28 trillion as of October 2021. [36]
Earnings update. With 92% of the S&P 500 done reporting first quarter earnings, the index is pacing for its highest year-over-year earnings growth since the second quarter of 2022.
In 2021–2022, most countries experienced a considerable increase in inflation, peaking in 2022 and declining in 2023. The causes are believed to be a mixture of demand and supply shocks, whereas inflation expectations generally seem to remain anchored (as per May 2023). [101]
A drought in East Africa began in 2021 and further intensified in 2022, precipitated in part by the oncoming La Niña in 2022. [38] [140] Three rainy seasons failed in the Horn of Africa, destroying crops and killing large herds of livestock. [38] In Somalia, five rainy seasons have failed, Kenya and Sudan were also strongly affected. [14]