# Inflation slows to six-month low on food costs - Moneyweb

> South Africa's annual consumer inflation eased to 5.1% in June from 5.2% in May, a six-month low. Food inflation rose 4.6%, its slowest gain since September 2020, and the central bank's inflation outlook improved.

- Date: 2024-07-24 · published 2024-07-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29577-inflation-slows-to-six-month-low-on-food-costs-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Slower food inflation reduces domestic pressure on feed and food input costs, and the improved outlook raises the chance of earlier interest-rate cuts, which tends to weaken the rand.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/inflation-slows-to-six-month-low-on-food-costs/

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