# North West University Business School economist Raymond Parsons says the lower-than-expected inflation figure for last month is good news for consumers and businesses. However, Parsons states underlying price pressures remain a concern, with core inflation rising slightly to 4.2-percent. He added that the South African Reserve Bank could keep interest rates unchanged at its meeting next month if inflation continues to ease. According to the economist, the Monetary Policy Committee will likely need several months of lower inflation before considering interest rate cuts
Economist says lower July inflation is good news for consumers and businesses