DStv Channel 403 Saturday, 11 January 2025

CPI cools down to 5.5% in November

JOHANNESBURG - Some welcome news for consumers.

Inflation has come down to 5.5 percent in November.

This follows it almost breaching the Reserve Bank's target of between 3 and 6 percent in October by reaching 5.9 percent. 

READ: CPI increase fuels fears of interest rate hike

The main contributing factors were food, housing and transport costs.

Stats SA released the latest inflation data on Wednesday morning.

The latest print comes in despite South Africa's lower economic growth.

The latest data will be used to decide on interest rates early next year.

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