Page 13 of 15  more inflation for the sake of a little extra growth is also a decision to make inequality a bit worse.16 Unfortunately, South African inflation has tended to be quite high, and it has been even higher for the poorest South Africans. Our inflation target is a range of 3-6% for headline inflation.
Since 2010, inflation has been above 6% for 28 months, just over a quarter of the time. Meanwhile, the inflation rate for the poorest 10% of households has been above 6% for 51 months, which is about half the time.