Prices are rising at 4% per year on average, much more slowly than expected

Wallet squeezed by inflation (pixabay.com, 2018)

Consumer price inflation slowed to 4% year-on-year in July, from 4.5% in June.

It’s the lowest inflation rate in seven months.

The Money Show’s Bruce Whitfield interviewed Kevin Lings, Chief Economist at Stanlib Asset Management.

Listen to the interview in the audio below (and scroll down for quotes from it).

The Reserve Bank has achieved reasonable success…

Kevin Lings, Chief Economist - Stanlib Asset Management

There is scope to cut rates… inflation is below the mid-point of the inflation target… [However] Since this data came out the currency has weakened by 7.5%... They’ll probably hold off… and if we’re still OK by November they’ll cut by 25 basis points…

Kevin Lings, Chief Economist - Stanlib Asset Management

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