South Africa's consumer price inflation accelerated more-than-expected in June to reach its strongest level in just over thirteen years, figures from Statistics South Africa showed on Wednesday.
The consumer price index climbed 7.4 percent year-on-year in June, faster than the 6.5 percent rise in May. That was above the 7.2 percent increase expected by economists.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.