{"id":550288,"date":"2026-07-20T09:19:25","date_gmt":"2026-07-20T09:19:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/550288\/"},"modified":"2026-07-20T09:19:25","modified_gmt":"2026-07-20T09:19:25","slug":"cost-of-living-inflation-data-to-be-released-this-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/550288\/","title":{"rendered":"Cost of living | Inflation data to be released this week"},"content":{"rendered":"<p>JOHANNESBURG &#8211; Inflation data will also be released this week.\u00a0\u00a0\u00a0<\/p>\n<p>The Reserve Bank uses interest rates to control inflation or the rate at which prices are rising.<\/p>\n<p>Lower interest rates free up consumer spending and prices could rise, while higher interest rates dampen the spending power of consumers which often slows down price hikes.<\/p>\n<p>READ | <a href=\"https:\/\/www.enca.com\/business-top-stories\/consumer-price-inflation-rises-4\" rel=\"nofollow noopener\" target=\"_blank\">Consumer price inflation rises to 4%<\/a><\/p>\n<p>In February, inflation hit the Reserve Bank&#8217;s preferred target of 3 percent. But it has been risen in the three months since then, hitting 4.5 percent in May.<\/p>\n<p>Economists are expecting interest rates to rise to around 4.7 percent in June.<\/p>\n<p>The Bank&#8217;s Monetary Policy Committee warned in May that the oil price shock could lead to second round effects when price hikes start affecting goods across the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"JOHANNESBURG &#8211; Inflation data will also be released this week.\u00a0\u00a0\u00a0 The Reserve Bank uses interest rates to control&hellip;\n","protected":false},"author":2,"featured_media":550289,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-550288","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/550288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=550288"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/550288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/550289"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=550288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=550288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=550288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}