South Africa's inflation last month dipped to 4.0 percent, its lowest level since January, the statistics agency said Wednesday. "Annual consumer price inflation was 4,0 percent in July 2019, down from 4,5 percent in June 2019," said StatsSA. The decline was attributed to prices of food and transport slowing down.
The central bank's target for annual inflation is between three and six percent. Africa's most industrialised economy has been slowing, with a GDP growth forecast of just 0.6 percent this year.
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