inflation, South Africa

South African rand slips, inflation fall drives bigger rate cut optimism
South Africa's rand slipped on Wednesday against a buoyant dollar, despite inflation dropping to its lowest level in more than four years, and as investors geared up for a policy announcement by the central bank on Thursday.
South Africa Cuts Main Repo Rate to 7.75%
The South African Reserve Bank cut its main repo rate by 25 basis points to 7.75% as inflation continues to ease and said it continued to see a growth recovery taking hold.
South Africa records lowest consumer inflation rate since 2020
South African consumers have been under immense pressure over the past three years due to rising inflation. The annual inflation for food and non-alcoholic beverages dropped to 3.6 percent in October, the lowest since November 2019.
South Africa’s Kganyago Says Inflation Target Review Nearing End
South African Reserve Bank Governor Lesetja Kganyago said a review of its 3% to 6% inflation target was getting close to the end.
South Africa Inflation Rate Declines
The South African Reserve Bank is scheduled to meet on Thursday and could adjust interest rates. October inflation declined from 3.8 percent in the previous month, primarily because of falling fuel prices according to the national statistics agency. "Petrol and diesel prices declined by 5.3 percent between September and October," said Stats SA.
Inflation plunges more than expected in South Africa
Independent economist Elize Kruger said fuel and food price developments play a greater role in October, which is considered a low survey month. South Africa’s government-regulated petrol and diesel prices fell by more than R1/ l in October.
South African inflation drops more than expected in October
South Africa's headline consumer inflation fell more than expected in October, to 2.8% year on year from 3.8% in September, statistics agency data showed on Wednesday. In month-on-month terms inflation was at -0.
South Africa inflation drops to lowest in over four years
South Africa's headline consumer inflation fell more than expected in October, to 2.8% year on year from 3.8% in September , ...
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Major pain for coffee and tea lovers in South Africa
Despite inflation coming down in October – the price of tea and coffee continues to climb, and the outlook is not rosy.
South Africa Central Bank to Stave Off Big Rate Cut on Trump Worries
South Africa’s reserve bank is set to look past a sharp slowdown in inflation and only cut interests rates by a modest ...