This is normal (and has nothing to do with Python) because 8.83 cannot be represented exactly as a binary float, just as 1/3 cannot be represented exactly in decimal (0.333333... ad infinitum).

If you want to ensure absolute precision, you need the decimal module:

>>> import decimal
>>> a = decimal.Decimal("8.833333333339")
>>> print(round(a,2))
8.83