Cpi Report August 2023

South Africa's CPI Inflation Rate Drops To 4.7% in July 2023

Lowest Print Since July 2022

Trading Economics reports that the annual change in the Consumer Price Index (CPI) in South Africa was 4.7% in July 2023, marking the lowest print since July 2022. The CPI measures the changes in the prices of goods and services consumed by urban households in the country. This decline in the inflation rate is a significant development, as it suggests that inflationary pressures in South Africa may be easing.