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Consumer inflation falls further, supported by base effects

23 August 2023 | General

Despite monthly inflation of 0.9%, annual headline inflation fell to 4.7% in July from 5.4% in June. Once again, this outcome mainly reflects positive base effects from last year’s elevated average price level, which led to a 7.8% peak inflation rate in July 2022.

PPS Investments: CPI for July 2023

23 August 2023 | General

Consumer price inflation moderated further in July, to 4.7% year-on-year, compared to 5.4% in June. Inflation peaked at 7.8% in July last year and is now comfortably back inside the Reserve Bank’s 3-6% target range.

SA’s employment increased, but the unemployment rate remains high

16 August 2023 | General

The Quarterly Labour Force Survey (QLFS) data (a household-based employment survey, not seasonally adjusted) showed that the official unemployment rate fell slightly to 32.6% in 2Q23 from 32.9% in 1Q23.

South Africa record negative deficit for the second time this year

02 August 2023 | General

South Africa recorded a trade deficit of R3.5bn in June 2023 compared to the surplus of R9.6bn recorded in May 2023 and far below the market forecast of an R11.9bn surplus.

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