Loading…
South Africa's CPI eased to 4.4% in August, its lowest since April 2021, driven by lower fuel and transport costs. Food inflation rose slightly to 4.7%, with agricultural producers facing challenges in food production.
Lower fuel costs reduce farm input expenses ahead of planting, while persistent food inflation signals continued cost pressure in the local feed and food chain.
farmersweekly.co.zaStaff ReporterSep 20, 2024After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
