A view shows the logo of South Africa's central reserve bank, at the reserve bank offices in Pretoria, South Africa, January 26, 2023This as data released by Statistics South Africa shows that consumer price inflation has cooled down further from 4.6% in July to 4.4% in August 2024.Independent economist Elize Kruger says a 50 basis point cut in interest rates could be justified after CPI fell to its lowest level.
“This better outcome was mainly due to further decline in petrol and diesel prices and a really moderate scenario in terms of price pressures in the rest of the CPI basket. Looking forward we are seeing headline CPI dipping below 4% in September to an annual rate of 3.8% and to as low as 3% in October.
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