Standard Bank Head of South Africa Macroeconomic Research, Dr Elna Moolman, says the hike in the Consumer Price Index CPI may lead to the Reserve Bank increasing interest rates in the future.
The annual headline inflation has climbed to 4 in April, up from 3.1 in March .
Data from Statistics South Africa shows the CPI rose by 1.1 month-on-month. The jump in the headline number was mainly driven by sharp fuel price increases.
