Latest South African CPI Figures Released 22 September 2009

The CPI figures released this morning could influence the MPC's decision. The increase in South Africa's consumer price index (CPI), which is used by the South African Reserve Bank for its inflation target, was up 6.4% year-on-year in August from 6.7% y/y in July, Statistics South Africa said earlier. CPI was up 0.3% month-on-month after increasing 1.1% in July