Date Posted

SA inflation jumps more than expected in June

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SA headline consumer ‌inflation accelerated faster than expected
In month-on-month terms ​inflation was at 0.7% in June, ​the same rate as in May.
SA imports the majority of its fuel, making it sensitive ​to ​the surge ⁠in global energy costs since the war ​started in late February.
The ​S⁠A Reserve Bank aims to keep inflation at 3% and ⁠is ​scheduled to announce ​an interest rate decision on Thursday.
–Reuters–