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South African headline consumer inflation rose to 4.8% year-on-year in August from 4.7% in July, and core inflation also rose to 4.8%. Statistics South Africa published the data.
Rising inflation keeps South African interest rates elevated, supporting the rand and modestly raising the local cost of feed for buyers, with no clear effect on global feed prices.
reuters.comTannur Anders, Bhargav AcharyaSep 20, 2023Not enough comparable past events yet for a historical read.
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.
