The annual inflation rate dropped to 5,9% in September from 6,4% in August. This is the first month since February that it is below the ceiling of the Reserve Bank’s target. The 0,5% drop in the rate was largely because of a 67c\/l drop in the petrol price. This is equivalent to a decrease of almost 5%. The inland price of 93 unleaded is now only 14c more than it was in September 2013.<\/p>\n
Food prices were unchanged on average in September compared to August, bringing the annual rate down to 8,5% compared to the 9,4% of August. The meat index dropped by -0,2% in comparison to the uptick of 1% in August. The price of super maize meal declined by -1,3% over the month. It has increased by only 3% since September last year.<\/p>\n
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