Consumer inflation sinks below 5%.

Kaya Biz

GUEST - Frank Blackmore, Lead economist at KPMG
After holding steady for ten months in the 5–6% range, annual consumer price inflation slowed to 4,6% in July from 5,1% in June. The July inflation print is the lowest in three years since July 2021, when the rate was also 4,6%. Lower annual rates were recorded for several product groups, most notably food & non-alcoholic beverages (NAB), transport, and housing & utilities. Kaya FM