💨 Abstract

South African consumers are facing higher inflation, driven by a significant 11.7% increase in meat prices, the highest since January 2018. The annual consumer inflation rate rose to 3.4% in September, with transport and restaurants & accommodation also contributing to the rise. Despite this, categories like dairy and eggs saw deflation. The South African Reserve Bank is expected to maintain a cautious stance due to global oil price movements and local currency performance.

Courtesy: Garrin Lambley