October 2024 Economic Update

latest news & developments

Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

BER INFLATION FORECAST

Inflation slows sharply in October, paving the way for another interest rate cut

Data from Statistics South Africa showed that the CPI annual rate braked to 2.8% – a four-year low

Anathi Madubela