The inflation rate fell to 4.3% | What it means for consumers

Stats SA said the slowdown was mainly driven by lower food inflation, smaller municipal tariff increases and falling fuel prices.

South Africa’s annual inflation rate fell sharply to 4.3% in July, down from 5.0% in June.

According to Statistics South Africa (Stats SA), this was the first decline in headline inflation in five months.

The slowdown was mainly driven by lower food inflation, smaller municipal tariff increases and falling fuel prices.

One of the biggest contributors to the decline was food inflation.