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How Much Is Inflation Rate in South Africa

In July, inflation was 7.8%, up from 7.4% in June. The inflation rate in July was the highest since April 2009. As a result, the trend increased somewhat, with annual average inflation reaching 5.9% in July (June: 5.7%). Finally, core inflation increased to 4.6% in July, up from 4.4% in June.

 

Is inflation beneficial or detrimental?

While excessive inflation is often regarded as detrimental, some economists feel that moderate inflation might assist promote economic growth. The inverse of inflation is deflation, which occurs when prices fall. Based on the Consumer Price Index, the Federal Reserve aims for a 2% inflation rate (CPI).

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Who stands to gain from inflation?

  1. Anyone with a fixed salary or income.

 

How do you profit from inflation?

Many types of commodities are less priced physical assets that perform well amid inflation. Wheat, corn, soybeans, cattle, and lumber are examples of agricultural commodities. Industrial metals such as nickel, copper, and steel perform well during inflation.

 

What should I invest in during an inflationary period?

During inflationary situations, the following investments do well: Commodities such as gold, oil, and even soybeans should see price increases, as should the completed goods created with them.

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Who suffers the most from inflation?

During inflation, workers, salaried employees, teachers, pensioners, and creditors suffer the most. People on fixed incomes, sometimes known as the middle class, are the worst hurt.

 

 

 

 

 

 

 

 

 

 

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