Guiding consumers since 2009

Public pays price of dodgy data

By Staff Writer

Public pays price of dodgy data  

From Business Report
By Ethel Hazelhurst

Delays in changing the way inflation is calculated have cost South African households thousands of rands in unnecessary interest rate hikes this year.

Justmoney.co.za says:

Oh happy days! Inflation should be only 8.7% instead of the reported 10.9%. This may mean less interest rate hikes, but you should still health check your finances, open a savings account and compare your credit cards. The outlook is a bit brighter, but there are still tough times ahead.

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