South Africa inflation drops to lowest in over 4 years

Big pay increases expected in South Africa
This will ensure that earnings beat inflation, meaning that South Africans should get richer. In Q4, 65% of respondents reported being able to pay their bills in full, which is a six-percentage point YoY increase. Gen Z and Millennials lead the trend at 68% and 66%, respectively.
South Africa inflation drops to lowest in over four years
South Africa's inflation rate dropped sharply in October to its lowest level since the peak of the COVID pandemic, data showed on Wednesday, buttressing expectations for another interest rate cut by the central bank this week.
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.
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South African Reserve Bank Governor Lesetja Kganyago said a review of its 3% to 6% inflation target was getting close to the end.
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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 African rand steady ahead of inflation, retail sales data
South Africa's rand was little changed early on Wednesday ahead of highly anticipated local inflation and retail sales data.
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South African Reserve Bank Governor Lesetja Kganyago’s repeated emphasis of uncertainty is expected to translate, at most, into only a handful of additional interest-rate cuts next year.
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 African inflation drops to lowest since June 2020
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