South Africa Inflation Falls to 4.3% in July, First Decline in Five Months
South Africa’s annual consumer inflation rate fell to 4.3% in July, down sharply from 5.0% in June, marking the first slowdown in five months, according to Statistics South Africa.The Consumer Price Index rose by just 0.2% month on month, compared with 0.7% in June. The decline was mainly driven by lower fuel prices, softer food inflation and smaller increases in municipal tariffs. Food and non alcoholic beverage inflation dropped to […]
