Experts speculate that bumper summer crops and lower fuel costs will help keep increases in check
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Agriculture ministers in Southern Africa should encourage knowledge sharing so countries can boost production
Annual consumer inflation edged up slightly to 2.9% from 2.8% in October
Food prices should continue to slow into next year, with the possible exception of white maize
Data from Statistics South Africa showed that the CPI annual rate braked to 2.8% – a four-year low
The governor of the central bank mulls targets as inflation drops
This is the lowest reading for inflation in South Africa since April 2021
Inflation slowed for a third consecutive month, to the lowest it has been since April 2021.
Better than expected inflation outcomes domestically and globally back the case for the central bank to cut the repo rate to 8%, economists said
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While we could see food price inflation remaining relatively softer in the coming months, there are some possible upside price risks on bread and cereals and meat.