South Africa Inflation Lowest In 20 Months - Lemmy.world

> (RTTNews) - South Africa’s consumer price inflation slowed for an eighth month in a row in June to its lowest level in nearly two years, preliminary data from Statistics South Africa showed Wednesday. > Separate data from the statistical office showed that retail sales continued to decline in May. > The consumer price index rose 5.4 percent year-on-year following a 6.3 percent increase in May. Economists had forecast 5.6 percent inflation. > The latest inflation rate was the weakest since October 2021, when it was 5.0 percent. > Headline inflation sank below the upper limit of the South African Reserve Bank’s monetary policy target range, the statistical office said.