South Africa's consumer price inflation accelerated in April to the highest level in more than one-and-a-half years, figures from Statistics South Africa showed on Wednesday.The consumer price index, or CPI, climbed 4.0 percent year-on-year in April, faster than the 3.1 percent rise in the prior month. The expected inflation rate was 3.9 percent.Moreover, this was the highest inflation rate since ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.