Inflationary pressures across South Africa fall to lowest level in nearly four years

The S&P Global South Africa PMI® signalled a cooling of price pressures on private sector businesses at the mid-point of the year, leading to the softest rise in input costs since August 2020. The slowdown followed reports of a positive impact from strengthening exchange rates on the rand and steadily reducing fuel prices, which also resulted in a weaker increase in selling prices.