South Africa Inflation Rises to 4.5% in September, Below Forecast
Headline consumer inflation rose to 4.5% year on year in September from 4.4% in August, versus economists’ 4.7% forecast, data from the statistics agency showed.
South Africa’s annual headline consumer inflation edged up to 4.5% in September, from 4.4% in August, according to data released by the statistics agency on Wednesday. Economists surveyed by Reuters had forecast inflation at 4.7%, with higher transport costs cited as the main driver.