Relief: Inflation has eased to 4.6% year-on-year in July. This is the lowest since July 2021.
South Africa’s consumer inflation eased to 4.6% year-on-year in July, down from 5.1% in June, according to data released by Statistics South Africa on Wednesday.
This is the lowest it has been since July 2021, when the rate was also 4.6%.
Stats SA attributed the easing to lower annual rates for food and non-alcoholic beverages and transport, as well as housing and utilities. The…
