Amid continuing pressures to nationalise the SA Reserve Bank, and criticism that it hiked interest rates unnecessarily last year, the governor of the Reserve Bank, Lesetja Kganyago, has tweeted a warning about the perils of not taking a tough, independent stance on inflation:

The graphs shows the impact of a 15% inflation rate (the average between 1983 and 1992) on the bread price: A loaf would cost R212 by 2038.

If inflation is kept at 4.5%, it would cost only R31.

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