SA inflation rate drops to 3.8% paving the way for possible November interest rate cut

South Africa's inflation rate fell to 3.8% in September, down from 4.4% in August, marking the lowest rate since early 2021. This is the fourth consecutive month of declining inflation, driven largely by a significant drop in transport costs. Speaking on VOC Breakfast, Patrick Kelly from Statistics South Africa (STATSSA) explained that lower fuel prices were the primary factor behind the decrease. "Fuel prices dropped for four successive months, and […]