Inflation slides to lowest level in eight years
Stats SA says the slowdown was largely driven by declines in fuel prices
20 November 2019 - 11:08
Consumer inflation slid lower in October, reaching its lowest level in eight years, Stats SA said on Wednesday.
Growth in consumer prices, as measured by the annual change in the consumer price index (CPI), slowed to 3.7% in October, down from 4.1% in September. The last time it hit levels this low was in February 2011, the agency said. The reading was below the median expectations of 3.9%, as measured by Bloomberg...
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