South Africa's consumer inflation slowed to 4.4% in August, down from 4.6% in July 2024. Economists say inflation is expected to continue the downward trend in the next few months because of lower fuel prices and the stronger rand. However, food inflation edged higher in the same period. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
SA consumer inflation slows to 4.4% in August; expected to continue downward
South Africa's consumer inflation slowed to 4.4% in August, down from 4.6% in July 2024. Economists say inflation is expected to continue the downward trend in the next few months because of lower fuel prices and the stronger rand. However, food inflation edged higher in the same period. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.