4.5% is the coveted inflation midpoint of the Reserve Bank and a rate of 4.4% improves the chances that the repo rate will be cut tomorrow.
Inflation decrease: All signs now point to repo rate cutAll transport-related products recorded softer annual rates in August. As fuel prices continued to trend downward, declining for a third consecutive month, the fuel index dipped by 0.5% month-on-month, slowing the annual rate to 1.8%. Motorists using inland 95-octane petrol paid 15c less per litre in August compared to July .
According to Statistics SA lower rates were recorded for fruit, sugar, sweets and desserts and hot and cold beverages. The monthly increase in the price of bread and cereals was 0.4%, with notable increases recorded for grain-based products such as bread flour , brown bread and white bread .Meat cheaper, but coffee cost a lot more in August
However, the prices of bacon, beef extract, corned beef, fresh chicken portions, ham and biltong increased in August.
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