# South African rand weaker after drop in inflation

> The South African rand traded about 0.2% weaker against the dollar after March inflation fell to 2.7% year-on-year, below the 2.9% Reuters poll and the first decline in five months. Trading has been volatile amid budget disputes in the ruling coalition and uncertainty over US tariffs.

- Date: 2025-04-23 · published 2025-04-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/25414-south-african-rand-weaker-after-drop-in-inflation
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local-currency cost of USD-priced feed imports such as soybean meal and corn, so South African feed costs tend to rise even when global prices are flat.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-gains-before-local-inflation-data-2025-04-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.