Headline: "Inflation in South Africa Recedes to 3.8% in September"

According to a recent report by the national statistics agency, consumer inflation in South Africa decreased to 3.8% year-on-year in September. This marks a decline from the 4.4% recorded in August. The decrease was slightly more than economists' expectations of 3.9%. The South African Reserve Bank's (SARB) preferred inflation target is 4.5%. On a monthly basis, the inflation rate remained stable at 0.1% in September, repeating the previous month's figure. The lower-than-expected inflation figures follow SARB's first interest rate cut in over four years last month. During its September meeting, the central bank adopted a cautious stance, acknowledging the acceleration in the decline of inflation while considering potential risks to the economic outlook. The latest inflation data could impact SARB's decision-making process at its monetary policy meeting in November and potentially lead to another rate cut. This move would align with the recent trend of easing monetary policy in response to the inflation path.