According to the latest figures CPIX is at 6,7 percent for April. Inflation has proved sticky over the past year or so mainly because of high international oil prices. 4  BIS Review 62/2001  5. Conclusion  By containing inflation and by ensuring that price stability prevails, the Reserve Bank contributes towards creating an environment in which individuals, households and businesses can thrive.
The views of serious economists have changed markedly over the past 50 or so years. It is now recognised that high inflation cannot be good for economic growth. Following on this theoretically and practically, the Bank makes its contribution towards the broad development goals we are all striving towards.