South Africa: Wage Talks to Show Way for Inflation

Johannesburg — INFLATION is set to dominate a barrage of economic data this week as markets mull over the chances of another interest rate hike in August. But the outcome of wage talks between the government and the public sector employees after a prolonged strike could prove to be even more crucial.

Consumer and producer price figures for May -- along with credit, money supply and trade data for the same month -- are likely to show a slight easing of the pressures which prompted the central bank to hike its key repo rate by half a percentage point to 9,5% on June 5.

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