play_arrow

keyboard_arrow_right

Listeners:

Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left
volume_up
  • play_arrow

    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

South Africa

EFF has welcomed the consumer price inflation figures released by Statistics South Africa

todayOctober 24, 2024 22

Background
share close

In S.A, the EFF has welcomed the consumer price inflation figures released by Statistics South Africa, indicating a further decline from 4.4-percent in August to 3.8-percent in September. This marks the lowest inflation rate since March 2021. The EFF’s, Leigh-Ann Mathys, says this confirms the inflationary pressures faced by the country are not demand-driven, but a result of economic and global challenges that require a different monetary policy approach:

Meanwhile, ActionSA says the lowering of the consumer price index provides a scope for the Reserve Bank to further reduce interest rates, which has real human consequences. ActionSA’s Alan Beesley says this decline is largely due to external factors such as lower global oil prices, rather than any of the government of national unity’s doing:

 

Written by: Leonard Witbeen

Rate it

0%