Anchor Capital lifts South Africa 2026 inflation forecast to 4.8%
Reuters2026/07/22 13:20- Anchor Capital flagged South Africa’s June 2026 headline inflation at 5% YoY, above 4.7% consensus, with core inflation rising to 4.1%.
- Transport inflation accelerated to 12.7% YoY, lifting overall price pressures; monthly headline inflation held at 0.7%.
- It lifted its 2026 average inflation forecast to 4.8% from 4.5% on higher oil prices tied to renewed US-Iran tensions.
- Brent above USD 90/bbl was seen raising fuel costs, with knock-on risks to fertiliser, transport, food prices later in 3Q26.
- It expects the SARB MPC to raise the repo rate by 25 bps at its July 23 meeting to contain inflation expectations.
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