The release of the Consumer Price Index (CPI) on Wednesday, and Producer Price Index (PPI) figures on Thursday, is being eagerly anticipated.
“After April’s print came in marginally above expectations at 4.4% y-o-y (0.7% m-o-m), CPI is expected to tick up further to 5.2% in May,” the Bureau for Economic Research (BER) said In its latest weekly assessment.
It added that factory-gate inflation was set to accelerate from 6.7% y-o-y to 7.3%.
The Bureau also said that during this week it would release the BER retail survey, Absa manufacturing survey, and FNB/BER Civil Confidence Index.
“After unions said they would reject an independent facilitator’s latest wage offer, we could also get an announcement on a possible strike by local government employees this week,” it pointed out.