Annual consumer price inflation sank from 5.1% in June to 4.6% in July – the lowest level since July 2021, and within a whisker of the SA Reserve Bank's target level of 4.5%.
This paves the way for an interest rate cut in September.
Lower fuel prices in July helped to trim transport costs.
Also, prices of food and non-alcoholic beverages slowed further to 4.5% in July, from 4.6% in June.
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