DStv Channel 403 Friday, 08 November 2024

Inflation Rate | Consumer inflation eases to 6.3% in May

 

JOHANNESBURG - Good news for the South African economy. There are further signs that inflation is easing.

Headline inflation in May eased to 6.3% from 6.8% in April.

High inflation hinders UK cost-of-living fight

Food inflation is still stubbornly high at 12% but has come down from a record level in March of 14.4%.

Another item on every South African's budget, is fuel.

Fuel inflation came down to 3.5% from 5% in April.

Watch the full interview with Annabel Bishop, Chief Economist at Investec in the video above.

 

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