MAMELLO MATIKINCA-NGWENYA, FNB CHIEF ECONOMIST
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Annual headline consumer price inflation decreased to 4% for July, down from 4,5% in June, according to Stats SA.This is slightly lower than the projections of analysts, and within the target range of between 3% and 6% set by the SA Reserve Bank. StatsSA said today that the main contributors to the July's annual inflation rate were food and non-alcoholic beverages, and housing and utilities