COSATU welcomes July inflation decline

COSATU has welcomed the fall in consumer inflation to 4.3% in July from 5% in June, but warns workers remain under severe financial pressure from rising living costs and debt. The union is calling for an end to the conflict in the Middle East, saying lower oil and fuel prices could help bring inflation back towards the 3% target. It is also urging the Reserve Bank to avoid raising the repo rate and government to restore fuel levy relief for commuters. Matthew Parks is COSATU's Parliamentary Coordinator