South Africa’s inflation hit a 13-year high in June
By Zuko Komisa According to Stats SA, the annual consumer inflation rose to 7.4 percent in June from 6.5 percent in May. The inflation rate for June is the highest since May 2009 (8.0%), when the global financial crisis began. Between May and June, consumer prices rose by 1.1 percent as a result of much more expensive fuel. The largest increase in fuel prices ever was in June, when the […]