DStv Channel 403 Wednesday, 04 December 2024

Cost of living | Inflation eased to 2.8%

JOHANNESBURG - The big news is the very good economic news for indebted consumers.

Inflation – or the rate at which prices are rising - has reached its lowest point in more than four years.

WATCH: Discussion | October inflation set to reflect further cooling

Consumer Price Inflation slowed to 2.8-percent in October from 3.8-percent in September and 4.4-percent in August.

The Reserve Bank was already expected to drop interest rates on Thursday and this inflation rate gives the bank even more scope to act.

Chief Economist at Citadel Investment Services, Maarten Ackerman discussed this with eNCA.

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