[pretoria] - Inflation at a 7 month low

  |   Pretorianews

SA’s annual inflation rate eased to 4.5 percent year-on-year in December from 5.2 percent in November as prices for fuel and food slowed in the period. Karen Sandison African News Agency (ANA)

JOHANNESBURG - South Africa’s annual inflation rate eased to 4.5 percent year-on-year in December from 5.2 percent in November as prices for fuel and food slowed in the period.

December’s inflation print was also the lowest inflation rate in seven months.

Statistics South Africa says annual core inflation rate, which excludes cost of food, non-alcoholic beverages, fuel and energy, stood at 4.4 percent, unchanged from December’s data.

The South African Reserve Bank (SARB) last week abandoned its previous hawkish rhetoric suggesting that further rate hikes are now unlikely....

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