Deceleration Trend Continues: South Africa’s Inflation Cooled to 3.8% YoY in September

October 23, 2024 2:29 PM UTC

Bottom Line: After inflation decreased to 4.4% YoY in August, the downward trend continued in September and CPI hit 3.8% YoY given suspended power cuts (loadshedding), a relatively stable Rand (ZAR), decrease in inflation expectations in Q3 coupled with Fed started cutting rates. Taking into account