In June, South Africa's annual consumer inflation rate soared to 5%, the highest in two years, driven by skyrocketing fuel prices and increased transport costs.

The cost of living in June was higher than expected, moving to levels last seen two years ago.

Consumer inflation accelerated to 5% year-on-year in June from 4.5% in May, data showed on Wednesday

In June, South Africa's annual consumer inflation rate soared to 5%, the highest in two years, driven by skyrocketing fuel prices and increased transport costs.

The main contributors to the rise in inflation were transport, housing and utilities.

South Africa's inflation has surged to a two-year high, driven by soaring fuel prices, prompting the Reserve Bank to consider raising interest rates. This article explores the…

South African consumers are grappling with a 5% inflation rate in June, driven by rising transport costs, while economists predict a temporary spike in prices.