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.

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