IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The annual inflation rate dropped to 5,9% in September from 6,4% in August. This is the first month since February that it is below the ceiling of the Reserve Bank’s target. The 0,5% drop in the rate was largely because of a 67c/l drop in the petrol price. This is equivalent to a decrease of almost 5%. The inland price of 93 unleaded is now only 14c more than it was in September 2013.

Food prices were unchanged on average in September compared to August, bringing the annual rate down to 8,5% compared to the 9,4% of August. The meat index dropped by -0,2% in comparison to the uptick of 1% in August. The price of super maize meal declined by -1,3% over the month. It has increased by only 3% since September last year.

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