But that also means that all decisions we make as a society, how the transformation plays out, how successful the transition is, and also where necessary adjustments are being held back, are ultimately reflected on bank balance sheets.
At these levels, we are still well within the inflation target range of 6 to 3 per cent. Of concern however is the broad-based rise in producer price inflation which measured 8,1 per cent in July, the highest year-on-year rate of increase since January 2003. Of particular concern as well is the 18,3 per cent year-on-year increase in prices of agricultural goods.