The latest year-on-year number is the lowest in three years, when it also 4.6% in July 2021.
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Stats SA attributed the easing to lower annual rates for food and non-alcoholic beverages and transport, as well as housing and utilities. The annual inflation rate for food and non-alcoholic beverages dipped to 4.5% in July from 4.6% the previous month.
Fuel prices receded for a second straight month, declining by 3.6% in July after a 4.6% decrease in June. The cost of 95-octane petrol in South Africa’s inland areas was 99 cents cheaper at R23.26 in July compared with June. The average price for diesel declined by 41 cents over the same period, from R23.76 to R23.35.had predicted CPI to slow to 4.9% year-on-year in July, and reach the 4.5% mid-point of the South African Reserve Bank’s 3-6% target band in September.
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