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August CPI inflation figure falls on the back of rand weakness

PUBLISHED: Wed, 19 Sep 2018 10:44:14 GMT

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August’s inflation print comes in at a lower than expected, 4.9 per cent y/y. The decline in alcoholic beverage inflation and transport costs, recorded at 4.6 per cent, proved the main contributors to the dip in CPI. Joining CNBC Africa to unpack the number and what it means for the economy at large is Annabel Bishop, Chief Economist at Investec.