South African inflation slows to 4.3 percent in July
South African annual inflation eased to 4.3 percent in July due to lower fuel and food costs. The slowdown was larger than expected by economists. Analysts warn prices could rise again as global oil costs climb.
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South Africa's headline inflation fell to 4.3% year-on-year in July, easing for the first time in five months. The reading came in lower than the 4.5% predicted by economists and dropped from Junes 5.0% level. The slowdown offers temporary relief to consumers, though renewed geopolitical tensions threaten to reverse the trend.
