JOHANNESBURG (Reuters) -South Africa’s headline consumer inflation rose to 3.0% year on year in June from 2.8% in May, statistics agency data showed on Wednesday.
Economists polled by Reuters had predicted inflation would increase to 3.0% in annual terms, at the bottom of the central bank’s 3% to 6% target range.
The South African Reserve Bank holds another rate-setting meeting next week.
The bank has cut its repo rate twice this year, including at its last meeting in May.
In month-on-month terms inflation was at 0.3% in June, compared with 0.2% in May, Statistics South Africa said.
(Reporting by Kopano Gumbi;Editing by Alexander Winning)
