South Africa: Consumer inflation rate eases in July for first time in five months
South Africa's annual inflation rate eased in July for the first time in five months, helped partly by a steep drop in transportation costs.
It said the easing of food and non-alcoholic beverages costs was driven by lower cereal prices and slower meat inflation.
It surprised investors and economists by keeping rates unchanged in July, saying its policy was restrictive enough to return inflation to its target within two years.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
