South Africa’s inflation ticks up to 3.4%

South Africa’s inflation inched slightly higher in September rising to 3.4% from 3.3% in August, a move that’s modest but meaningful as the economy navigates a complex mix of easing food prices, steady fuel costs, and shifting consumer dynamics.

Momentum Investments Chief Economist Sanisha Packirisamy breaks down the latest inflation figures, from what’s driving the uptick in housing, utilities, and restaurant prices to why falling global food costs and a stronger rand are helping keep overall inflation in check.