South Africa's Inflation Falls to 3.8% in September

South Africa's annual inflation rate has decreased to 3.8% in September, marking the lowest level since April 2021. This reduction is attributed primarily to easing transport costs, with fuel prices having dropped for four consecutive months. However, despite the overall decline, food prices remain high, with food and non-alcoholic beverages inflation unchanged at 4.7%, influenced by rising international food prices. Economists expect ongoing pressure on food inflation due to global market conditions, while a slight petrol price cut in October may offer temporary relief. In Australia, inflation is also forecasted to fall into the Reserve Bank's target range of 2-3% by the end of the year, supported by energy rebates and cost-of-living measures. The potential for Australia's core inflation to dip below 3% has been noted, with expectations that it may be reflected in upcoming January reports.