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Inflation dip strengthens case for January rate cut | SA News

South African annual inflation unexpectedly softened in November, edging closer to the central bank’s new 3% target and boosting hopes for an interest-rate cut next month.

Consumer prices rose 3.5%, compared with 3.6% a month earlier, Pretoria-based Statistics South Africa said in a statement on its website on Wednesday. Only four of 11 economists expected a slowdown. Prices fell 0.1% in the month, against forecasts for no change.

Read: South Africa inflation expectations eased with 3% target, Sarb says

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