Annual inflation in South Africa rose to 4.5% in September, up from 4.4% in August, though the reading came in below economist expectations amid sustained pressure on energy prices linked to supply disruptions tied to the conflicts in Ukraine and the Middle East.
The figures were released on Wednesday, 21 October, by Statistics South Africa (Stats SA), the country’s official statistical agency. The September rate came in 0.2 percentage points below the median forecast of 4.7% derived from a Bloomberg survey of 17 economists.
Nevertheless, September marked the second consecutive month of acceleration: annual inflation stood at 4.3% in July, edged up to 4.4% in August, and reached 4.5% in September.
On a monthly basis — measured against the preceding month — the Consumer Price Index (CPI) rose 0.4% in September, after remaining flat in August.
Food and non-alcoholic beverages inflation accelerated slightly, moving from 1.1% in August to 1.2% in September. In contrast, meat price inflation eased from 1.5% to 0.7%, its lowest level since March 2025, indicating that not all categories tracked the broader index’s upward move.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/?p=554273
