South Africa's inflation accelerated further in April as CPIX reached 10.4% and headline CPI increased to over 11%. Rising food and petrol prices and the 6-monthly adjustment in domestic worker wages were the main contributors to the monthly increase. The Governor of the SARB in a recent speech confirmed the Bank?s commitment to get CPIX inflation back into the 3% to 6% target range. Another interest rate increase can be expected at the Monetary Policy Committee's June meeting, perhaps rising by 1%.