Document Description

Inflation Expectations

Date:	2012 - Quarter 2
Document Type:	Inflation Expectations
Description:	The BER has been contracted by the SA Reserve Bank (SARB) to conduct a quarterly inflation expectation survey, in view of the Bank's new inflation targeting monetary policy framework

Title:	Inflation Expectations, 2012Q2

The average inflation expectation for 2012 remained at 6.1% during the second quarter. Respondents lowered their 2013 inflation forecast by 0.1 percentage point to 6.0% (the same level it was during the fourth quarter of 2011), only to raise their 2014 forecast from 6.0% previously to 6.1%. The inflation expectations of households (for 2012) increased by 0.5 percentage points from 6.2% previously to 6.7% during the second quarter of this year.

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