South Africa Inflation Hits 4-Month Low Earlier than Price Verdict

South Africa’s inflation fee fell for a second straight month, giving the central financial institution meals for thought on the eve of its coverage resolution that’s anticipated to stay unchanged at a 2009 excessive.

The patron value index rose 5.1% in December from a 12 months earlier, in contrast with 5.5% the month earlier than, Pretoria-based Statistics South Africa stated Wednesday in an announcement. That was the bottom stage since August 2023. The median estimate of 18 economists in a Bloomberg survey was 5.2%.