SA may target different inflation measure

The South African Reserve Bank may target a different measure of inflation from 2009 onwards, the country's finance minister is reported as saying.

Trevor Manuel, the finance minister, told Financial Mail, a weekly magazine, that the Reserve Bank could target CPI inflation, rather than the CPIX measure, which excludes mortgage interest-rate changes.

"It will be CPI but the modalities and details still have to be worked out," Manuel is quoted as saying. "I can't say whether the target range wi

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