CONSUMER INFLATION SET TO DROP

December's consumer inflation to be announced tomorrow is expected to drop by about 1,5 percent as a result of the drop in fuel prices, Chris Hart, an economist at Investment Solutions said.

December's consumer inflation to be announced tomorrow is expected to drop by about 1,5 percent as a result of the drop in fuel prices, Chris Hart, an economist at Investment Solutions said.

Hart said this could allow for a drop in interest rates.

He estimates that there could be another 5 to 6 percent drop in the January 2009 CPI, largely as a result of the oil prices which led to consecutive fuel price cuts. - Kea' Modimoeng

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