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Food inflation crashes to 16-year low as CPI cools to 4.3 percent

IOL ·
Food inflation crashes to 16-year low as CPI cools to 4.3 percent

South Africa's annual inflation rate has sharply declined to 4.3% in July, down from 5.0% in June, marking the first drop in five months.

This significant change is attributed to lower food inflation and reduced municipal tariff increases.

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