# South Africa inflation drop makes September rate cut more likely | Reuters

> South African inflation for July eased, with food and non-alcoholic beverage inflation falling to 4.5% from 4.6%. The data strengthened the case for a central bank rate cut in September.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29088-south-africa-inflation-drop-makes-september-rate-cut-more-likely-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower inflation and possible rate cuts support the rand and ease domestic financing costs for livestock and feed operations, though the effect on grain prices is limited.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/south-african-inflation-falls-46-yy-july-2024-08-21/

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