# South Africa inflation up, though rates still forecast on hold | Reuters

> 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.

- Date: 2023-09-20 · published 2023-09-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34409-south-africa-inflation-up-though-rates-still-forecast-on-hold-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-africa-consumer-inflation-edges-up-48-yy-august-2023-09-20/

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