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 (CPI) 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. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.