South Africa’s inflation rate rose to 4.8% YoY in August, in line with analysts’ predictions. The slight increase was fueled mainly by higher water and electricity prices. The country’s central bank, which targets an inflation range of 3% to 6%, paused its monetary tightening phase at its last meeting, and the rate remains at 8.25%. Core inflation, which omits volatile commodities like food and energy, also quickened to 4.8% from 4.7%.