New inflation basket may mislead bank

By Staff Writer
New inflation basket may mislead bank

By Ethel Hazelhurst
From Business Report

Official inflation figures could be misleading next year after a new consumer basket is introduced, according to Azar Jammine, the chief economist at Econometrix. That would mean the Reserve Bank could base its interest rate decisions on unreliable data.

Justmoney.co.za says:

Whether anyone else knows what is going on is a moot point, but do you know what your financial health is? Have you worked out your budget? Do you need debt consolidation or management? Do you have a savings account, or a cheap bank account?

 

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