Good news about inflation in South Africa

• South Africa's annual inflation rate rose to 4.5% in September, exceeding the median estimate of 4.7% from a Bloomberg survey.
• Fuel prices are set to rise again in November, and food-price pressures may build due to disrupted fertiliser supplies and drought conditions.
• Forward-rate agreements are pricing in two more rate hikes over the next year, suggesting policymakers may need to take further action to control inflation.