July consumer price inflation drops to 4% | Fin24
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July consumer price inflation drops to 4%

Aug 21 2019 10:07
Jan Cronje

Annual headline consumer price inflation decreased to 4% for July, down from 4,5% in June, according to Stats SA.

This is slightly lower than the projections of analysts, and within the target range of between 3% and 6% set by the SA Reserve Bank. 

Ahead of Wednesday's announcement, NKC Economics projected July inflation at 4.3%.  

StatsSA said on Wednesday that the main contributors to the July's annual inflation rate were food and non-alcoholic beverages, and housing and utilities

The rand was trading firmer against the dollar following the announcement. The local currency was at R15.26/$ at 10:04, 0.67% stronger after opening at R15.36 to the greenback. 

inflation  |  cpi  |  manufacturing


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