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South Africa Inflation Lowest In 7 Months In December

South Africa's inflation eased in December to the lowest level in seven months, figures from Statistics South Africa showed on Wednesday.

Inflation eased to 4.5 percent in December from 5.2 percent in November. Economists had expected 4.5 percent inflation.

This was the weakest inflation since May, when prices had risen 4.4 percent.

Food prices rose 2.4 percent and clothing and footwear prices grew 1.7 percent. Transport costs surged 6 percent and educations expenses grew 6.7 percent.

Month-on-month, consumer prices fell 0.2 percent, reversing a rise of 0.2 percent in November. The decline was in line with economists' expectations.

The average annual inflation for 2018 was 4.7 percent, which was the slowest in three years. Inflation was 5.3 percent in 2017.

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