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
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.
The latest year-on-year number is 4.6%. This is the lowest it has been since July 2021
Statistics South Africa data released on Wednesday showed that the CPI annual rate was 5.1% in June compared with 5.2% in May
Governor Lesetja Kganyago said the central bank would wait for the inflation rate to fall within its 3% to 6% target before it makes a cut
A new PwC Africa survey shows consumers plan to save any extra income for fear of escalating household expenses and food prices in the coming months