The South African Reserve Bank has warned of an upside risk to the inflation outlook
This is the lowest reading for inflation in South Africa since April 2021
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
The consumer price index rose 5.6% year-on-year in February and was at 1.0% month-on-month
World food and fuel costs have dropped but grocery prices at local supermarkets remain unaffordably high