Economics
South Africa Inflation Slows for Second Month
- Consumer prices rose 3% in September from a year earlier
- Inflation at bottom of the central bank’s target range
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South African inflation slowed for the second straight month in September, to the bottom of the central bank’s target range.
Consumer prices rose 3% from a year earlier, compared with 3.1% in August, Pretoria-based Statistics South Africa said Wednesday in a statement on its website. It matched the median estimate of 15 economists in a Bloomberg survey. Prices rose 0.2% in the month, in line with a median estimate of nine economists.