Today's Labour News

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Stats SABusinessLive reports that consumer inflation moderated to an annualised 4.1% in September, surprising analysts, and boosting the expectation that SA’s embattled consumers might get another interest rate cut in 2019.  

Inflation, as measured by the annual change in the consumer price index (CPI), decelerated from 4.3% in August.  The past three inflation readings have fallen below the 4.5% midpoint of the SA Reserve Bank’s 3%-6% target band.  Food prices increased by 3.7% in September, slightly lower than the 3.8% in August.  The costs of bread and cereals rose by 8.5%.  Electricity was 11.8% more expensive, while wine costs rose by 10.2% year-on-year.

  • Read the full original of the report in the above regard by Odwa Mjo at BusinessLive
  • Read too, September inflation cools to 4.1%, but bread, electricity show large rises, at Fin24
  • And also, Core inflation rate declines to lowest since 2011, at Moneyweb

Get other news reports at the SA Labour News home page