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Consumer inflation drifted up to its highest level since May in September, and recorded its fifth month out of line with the 4.5% midpoint of the SA Reserve Bank’s target range. 

September’s increase to 5% year on year — driven by increases in fuel, food and housing and utilities, according to Stats SA — was in line with expectations. But it comes as rising energy prices and supply-chain bottlenecks stoke global inflation fears and developed market central banks make more noise about tightening monetary policy sooner rather than later.  ..

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