South African (SA) retail sales rose 3.5% year on year in November after rising by a revised 3.0% in October, Statistics SA figures showed, this Wednesday.
Seasonally-adjusted retail sales rose 0.6% month on month in November.
Meanwhile, SA inflation rose slightly in December, as expected, but analysts said they still expect the central bank to deliver several interest rate cuts this year as price pressures remain well contained.
Consumer inflation increased to 3.6% year on year in December from 3.5% in November, as predicted by analysts polled by Reuters.
–Reuters–
