Inflation eases from 13-year high in August
Drop in fuel prices more than offsets higher costs for food and electricity, but the overall rate remains well above the Reserve Bank’s target range
21 September 2022 - 11:03
UPDATED 21 September 2022 - 15:23
SA inflation eased in August, declining from a 13-year high in July when the war in Ukraine and pandemic-linked supply shortages sent food and fuel prices surging.
Stats SA reported on Wednesday that annual inflation slid to 7.6% in August from 7.8% in July as lower fuel prices more than cancelled out higher food and electricity costs. ..
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