Data from Statistics South Africa showed that the CPI annual rate braked to 2.8% – a four-year low
Annual inflation slowed sharply in October to 2.8% from 3.8% in September, the lowest reading in South Africa since June 2020 when it was 2.2% and making an interest rate cut on Thursday a near certainty.
On a month-on-month basis, consumer prices fell by 0.1% in October compared with an increase of 0.1% in September, according to data from Statistics South Africa.
Falling fuel prices…
