Bloomberg News reports that SA’s consumer inflation rate (CPI) fell for a second straight month in November as food prices climbed at the slowest pace in two years.  

Statistics SA reported on Wednesday that CPI slowed to 4.6% from 4.8% in October.  Price growth has now been within the SA Reserve Bank’s target range of 3% to 6% for eight months, the longest run since 2015.  The central bank forecasts that inflation will remain within the target band until at least the end of 2019.  Food prices climbed 5.2% in November from a year earlier, which was the slowest pace since November 2015 and compared with 5.3% in October.  Core inflation, which excludes the prices of food, non-alcoholic beverages, energy and gasoline, slowed to 4.4% in November, which was the slowest rate since May 2012.

• Read this report by Simbarashe Gumbo in full at Moneyweb
• See too, Consumer inflation eases to 4.6%, at Fin24

Get other news reports at the SA Labour News home page