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Petrol price (Gauteng) = 24.54/litre  Petrol price (Coastal) = 23.82/litre  CPI August '23 = 4.8% y-o-y  PPI manufacturing August '23 = 4.3%  GDP growth Q2 = 1.7% y-o-y  Prime interest rate = 11.75%  Unemployment rate Q2 = 32.6%  Retail sales July '23 = -1.8% y-o-y  Manufacturing output July '23 = 2.3% y-o-y 
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Latest forecasts_2 years_Sept '23

Date Uploaded: Sep 13 2023 4:30PM

In this interim forecast update, we adjusted real GDP growth in 2023 somewhat higher to 0.6%. The headline CPI forecast was nudged up to an average of 5.9% in 2023 to account for higher fuel costs amid a rising oil price and sustained rand weakness. read more
In this interim forecast update, we adjusted real GDP growth in 2023 somewhat higher to 0.6%. The headline CPI forecast was nudged up to an average of 5.9% in 2023 to account for higher fuel costs amid a rising oil price and sustained rand weakness.


Latest forecasts_2 years_Jul '23

Date Uploaded: Jul 28 2023 11:25AM


Latest forecasts_6 years_Jul '23

Date Uploaded: Jul 17 2023 2:30PM


Latest forecasts_2 years_Jun '23

Date Uploaded: Jun 8 2023 2:00PM

In this interim forecast update, we adjusted the near-term oil price lower, while the rand is notably weaker vs. major currencies than projected in the April forecast run. Along with a lower-than-expected CPI print for April, the combination of a lower oil read more
In this interim forecast update, we adjusted the near-term oil price lower, while the rand is notably weaker vs. major currencies than projected in the April forecast run. Along with a lower-than-expected CPI print for April, the combination of a lower oil price/weaker rand sees a largely unchanged SA inflation outlook. For now, as outlined in our 2023Q1 GDP comment, we also kept the real GDP growth forecast for 2023 (0.2%) and 2024 (1.4%) unchanged. However, the projected growth in the underlying GDP components is different. A more detailed forecast update will be done in the first half of July.


Latest forecasts_6 years_Jun '23

Date Uploaded: Jun 8 2023 2:00PM


Latest forecasts_2 years_Apr '23

Date Uploaded: Apr 21 2023 4:30AM


Latest forecasts_6 years_Apr '23

Date Uploaded: Apr 20 2023 12:15PM


Latest forecasts_3 years_Mar '23 update

Date Uploaded: Mar 14 2023 12:45PM

In this interim forecast update, the real GDP growth forecast for 2023 has been revised even lower, while the near-term outlook for the rand exchange rate has also deteriorated.


Latest forecasts_6 years_Mar '23 update

Date Uploaded: Mar 14 2023 12:45PM


Latest forecasts_3 years_Jan '23

Date Uploaded: Jan 30 2023 12:30PM


Latest forecasts_6 years_Jan '23

Date Uploaded: Jan 30 2023 12:30PM


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