South Africa Inflation Rises to 4.5 Percent
South Africa annual consumer inflation rose slightly to 4.5 percent in September, coming in below economists expectations of 4.7 percent. The modest increase was driven largely by higher transport costs from rising fuel prices.
South Africa headline consumer inflation rose to 4.5% year on year in September, edging up from 4.4% in August, data from the statistics agency showed on Wednesday morning. The figure came in below the 4.7% annual rate economists polled by Reuters had anticipated. The modest acceleration leaves price growth inside the central bank's target band, easing immediate pressure for tighter monetary policy.
