{"id":57976,"date":"2023-12-13T17:40:22","date_gmt":"2023-12-13T17:40:22","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices"},"modified":"2023-12-13T17:55:08","modified_gmt":"2023-12-13T17:55:08","slug":"south-africas-inflation-cools-amid-falling-fuel-prices","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices","title":{"rendered":"South Africa\u2019s inflation cools amid falling fuel prices"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>South Africa\u2019s inflation rate slowed amid a sharp decline in fuel prices although other categories remained elevated, sending mixed signals to the central bank, which has cautioned it remains wary of ongoing cost pressures.<\/p>\n

The consumer price index rose 5.5% in November from a year ago after a 5.9% gain in October, Pretoria-based Statistics South Africa said Wednesday in a statement.<\/p>\n

That was slightly above the 5.4% median of 16 economists\u2019 estimates in a Bloomberg survey.<\/p>\n

The latest reading sets inflation nearer to the midpoint of the central bank\u2019s 3%-to-6% target band, where it prefers to anchor price growth expectations.<\/p>\n

Policymakers have held their benchmark rate at a 14-year high of 8.25% since May. But tamer readings on inflation \u2013 if sustained could encourage them to consider rate cuts in 2024.<\/p>\n

Investors, prior to the release of the inflation data, had a tiny lean toward the Reserve Bank beginning to cut interest rates as soon as March, with a quarter-point reduction fully priced for its May meeting.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South Africa\u2019s inflation rate slowed amid a sharp decline in fuel prices although other categories remained elevated, sending mixed signals to the central bank, which has cautioned it remains wary of ongoing cost pressures. The consumer price index rose 5.5% in November from a year ago after a 5.9% gain in October, […]<\/p>\n","protected":false},"author":84,"featured_media":57975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-57976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nSouth Africa\u2019s inflation cools amid falling fuel prices - South Africa<\/title>\n<meta name=\"description\" content=\"South Africa\u2019s inflation rate slowed amid a sharp decline in fuel prices although other categories remained elevated, se ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa\u2019s inflation cools amid falling fuel prices\" \/>\n<meta property=\"og:description\" content=\"South Africa\u2019s inflation rate slowed amid a sharp decline in fuel prices although other categories remained elevated, se ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-13T17:40:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-13T17:55:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/12\/sm_1702477395.395954.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Africa\u2019s inflation cools amid falling fuel prices\",\"datePublished\":\"2023-12-13T17:40:22+00:00\",\"dateModified\":\"2023-12-13T17:55:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices\"},\"wordCount\":183,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/12\/sm_1702477395.395954.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-cools-amid-falling-fuel-prices\",\"name\":\"South Africa\u2019s inflation cools amid falling fuel prices - 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