SA CPI: July inflation drops to lowest level in three years

After remaining steady in the 5%–6% range for ten months, July headline inflation, as measured by the Consumer Price Index (CPI), eased to 4.6% YoY – down from 5.1% YoY in June. This marks the lowest inflation rate in three years, matching the annual 4.6% rate recorded in July 2021. The decline was driven by...