South Africa's May CPI came in at 4.5% year-on-year, right at the SARB's target midpoint and below the 4.7% consensus, vindicating a contested May hike. Brazil's central bank meets today on whether to reverse recent cuts as inflation expectations drift higher for 21 consecutive weeks.
South Africa’s May headline CPI rose to 4.5% year-over-year, coming in below consensus forecasts amid rising fuel costs that lifted transport prices. Source
