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South Africa inflation jumps more than expected in June
South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second consecutive interest rate hike on Thursday. Annual headline consumer inflation accelerated to a two-year high of 5.0% in June from 4.5% in May, data from Statistics South Africa showed on Wednesday. Economists polled by Reuters had expected a reading of 4.7%.
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iol.co.za
Cost of living bites harder as inflation climbs to 5%
The cost of living in June was higher than expected, moving to levels last seen two years ago.
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businessday.co.za
Inflation spikes to 5% in June, all but cementing case for rate hike
Consumer inflation accelerated to 5% year-on-year in June from 4.5% in May, data showed on Wednesday
