Good news for consumers as CPI figure eases for 4th straight month

JOHANNESBURG - South Africa's annual consumer price inflation (CPI) figure has cooled for a fourth consecutive month.

It eased to 3.8% in September from 4.4% in August.

Statistics South Africa said that this was the lowest inflation print since March 2021, when the rate was 3.2%.

Chief director of price statistics, Patrick Kelly: "Softer transport inflation, specifically lower fuel prices, dragged the headline rate lower. Fuel prices dropped for a fourth successive month and are on average 9% lower than a year ago."