The public’s distrust in historic inflation rates may have serious implications for staying within the inflation targets as they use their perception of past inflation rates as a reference point in setting their expectations for future inflation rates.
The Money Show’s Bruce Whitfield interviewed Prof. Jannie Rossouw, Head of the Wits School of Economic and Business Sciences.
Scroll down for quotes from the audio below.
Because people do not believe the past rate of inflation they expect higher inflation in the future. This feeds into higher wage demands that feed inflation.— Prof. Jannie Rossouw, Head of the Wits School of Economic and Business Sciences
StatsSA must publish where they get their prices so that anyone with statistical knowledge can check the figures.— Prof. Jannie Rossouw, Head of the Wits School of Economic and Business Sciences
There’s a danger of perpetually higher inflation expectations.— Prof. Jannie Rossouw, Head of the Wits School of Economic and Business Sciences
Recommendedby NEWSROOM AI
Entertainment and news are being used to change the way you see the world and not always truthfully.
Andy Rice knocks TUC biscuits for a tweet that seems to make fun of listeriosis.
The Money Show’s Bruce Whitfield interviews former Sars spokesperson Adrian Lackay.
The Money Show’s Bruce Whitfield interviews Norton Rose Fulbright Director in Litigation Lauren Fine.
Sleep is as vital for complex life as food, water and oxygen. Bruce Whitfield interviewed FAB Quotient's Joni Peddie.
The Money Show’s Bruce Whitfield interviews Vlismas about his attitude to money (hopes and fears, successes and failures, etc.)
Acclaimed author Jacques Pauw outlines damage done by suspended Sars boss Moyane during his tenure, and why Ramaphosa had to act.
"I have lost confidence in your ability to lead Sars", writes President Cyril Ramaphosa.
Activist and musician Jennifer Ferguson, says she has not ruled out the route of a civil court regarding her rape claim.
Advocate Dali Mpofu receives praises after he represented Kagiso Rabada in his appeal against the ICC's decision to suspend him.
Cricket writer Neil Manthorp, says there are alleged discrepancies between the report from match referee, Jeff Crowe
Immigration lawyer Gary Eisenberg explains the new rules for South Africans applying for a Schengen visa
Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.