CPI falls to lowest level in two years

JOHANNESBURG - July saw an easing of inflation, receding to 4.7 percent from June's 5.4.

This is a two-year low and could prompt a temporary halt in the escalation of interest rates.

READ: CPI increases to 7.1%

But economist Dawie Roodt cautions that several other price hikes are yet to ripple through the economy.

“Just remember it doesn’t mean that prices are coming down, it means that prices are still going up but at a slower rate," he said.

"I have to warn that there some other price increases that will work themselves through the economy."