Economist warns oil shocks and utility hikes to push inflation higher in the coming months [SOUND]

# North West University Business School economist Raymond Parsons says the full impact of recent fuel price increases, higher electricity tariffs, and taxes will only be felt in the coming months. Parsons warns that inflation could temporarily rise above four-percent before gradually easing back into the three-percent target range. He added that ongoing global energy pressures and domestic cost increases are likely to keep inflation elevated in the short term, with uncertainty still shaping the economic outlook: