MARKET WRAP: JSE buoyed by easing inflation
Prices in December rose at the slowest pace since May last year, but analysts caution that volatility remains elevated
18 January 2023 – 20:05
The JSE closed firmer on Wednesday buoyed by news that consumer inflation in December eased to the lowest level since May 2022. Global markets were flat to lower.
Data from Stats SA shows headline inflation eased to an annual 7.2% in December from November’s 7.4%, in line with the expectations of economists surveyed by Reuters. That’s above the upper limit of the Reserve Bank’s 3%-6% target range, but still the softest reading since May 2022. ..
Source: businesslive.co.za
