Template-Type: ReDIF-Paper 1.0 Title: Narratives on inflation evidence from the United States and South Africa Abstract: This paper examines how consumers in the United States and South Africa update their beliefs about unemployment and growth in response to inflation shocks. Creation-Date: 2026-02-12 File-URL: https://www.resbank.co.za/content/dam/sarb/publications/working-papers/2026/26-05/unemployment-inflation.pdf File-Format: application/pdf File-Function: Revision Number: 11099 Handle: RePEc:rbz:wpaper:11099