Inflation accelerated further in July, driven mainly by rising fuel and food prices
Consumer inflation accelerated to 7.8% in July, up from the already-high 7.4% in June, driven mainly by fuel and food prices to reach another 13-year high.
The consumer price index reading, which remains outside the Reserve Bank’s target range of 3%-6%, is slightly higher than the Thomson Reuters consensus of 7.7% but in line with market predictions of 14 economists. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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