Inflation accelerates in September, driven by fuel and food
Core inflation, which excludes food, non-alcoholic beverage, fuel and energy prices, eases to a 13-month low of 4.5%
18 October 2023 - 11:25
Annual inflation accelerated for the second successive month to 5.4% in September, up from 4.8% in August and slightly above market forecasts of 5.3%, according to Stats SA data published on Wednesday.
While the rate remains comfortably within the Reserve Bank’s 3%-6% target band, it reinforces the recent hawkish language from Bank officials regarding inflation risks...
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