JOHANNESBURG - Consumers can breathe a sigh of relief as the country's inflation rate dipped below the 4% mark in September.
Inflation now stands at 3.8%, down from 4.4% in August.
READ: Consumer price inflation falls to 3.8 percent
This decline positions inflation in line with the central bank's 3% to 6% target range, making it likely officials will cut the policy benchmark for the second consecutive time next month.
Key factors driving this trend include favourable food harvests and decreasing fuel prices, both of which are expected to support the continued downward trajectory of inflation.
Investec's Chief Economist, Annabel Bishop, spoke to eNCA.