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Inflation drops to 5,5% - inside target range

20 Jul 2012

According to a Business Day report, inflation dropped to 5,5% year-on-year last month, marking the second drop in a row and reaching its lowest level since August last year according to figures released by Statistics South Africa.

The Reserve Bank's Monetary Policy Committee is expected to leave the repo rate unchanged at 5,5% as the inflation rate is inside the government's target range of between 3% and 6%, Business Day reports.

Read the full article on www.businessday.co.za.