SA's inflation jumped marginally higher in August, following 4 months of consecutive declines.
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GUEST – Dr Azar Jammine, director and chief economist at Econometrix
South Africa’s inflation jumped marginally higher in August, following four months of consecutive declines. According to Stats SA, annual consumer inflation jumped from 4.7% in July to 4.8% in August. Although food and non-alcoholic beverages (NAB) inflation continued to drop, it was not enough to counteract the rise in fuel prices and increases in municipal tariffs.
South Africa’s inflation jumped marginally higher in August, following four months of consecutive declines. According to Stats SA, annual consumer inflation jumped from 4.7% in July to 4.8% in August. Although food and non-alcoholic beverages (NAB) inflation continued to drop, it was not enough to counteract the rise in fuel prices and increases in municipal tariffs.
