Inflation in South Africa. A long memory approach

This paper deals with the analysis of the inflation rate in South Africa for the time period 1970M1-2008M12. We use long range dependence techniques and the results show that inflation in this country is a covariance stationary process with long range dependence, with an order of integration ranging in the interval (0, 0.5). Policy implications are derived.Inflation South Africa Long range dependence