Annual consumer inflation spiked to 7.4% in June, from 6.5% in May, Stats SA reported on Wednesday. | Fin24
Annual consumer inflation spiked to 7.4% in June, from 6.5% in May, Stats SA reported on Wednesday.
Prices of food and non-alcoholic beverages surged by 8.6% year-on-year in June. Stats SA says this is the highest rate since March 2017, when South Africa was hit by a severe drought.
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