July inflation figures offer welcome relief for consumers and business
The better-than-expected July figure for the consumer price index (CPI) is good news on the inflation front for business and consumers and helps to stabilise medium-term expectations.
In commenting on the CPI figures for July, Prof. Raymond Parsons, economist from the North-West University (NWU) Business School, says the consensus view among analysts has been that, although the global energy crisis would mean a temporary surge in headline inflation earlier in 2026, the effects would gradually dissipate later in the year.