In fact, the last two years or so have seen some encouraging developments. From 5.3% so far this decade, average headline inflation fell to 5.0% in the last two years and further to 4.6% in 2018, showing some gradual easing towards the midpoint of the 3-6% target range. Core consumer price inflation has followed similar patterns.
After remaining stuck above 5% for four whole years to February 2017, it has now been in the 4.0-4.5% Page 4 of 9  range for more than a year. True, the 2016 rand recovery did favour the decline in both headline and core inflation, yet the trend persisted even as the rand experienced volatility in 2017-18.