Consumer price inflation hits 13-year high for June

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Consumer price inflation hits 13-year high for June

This is bad news for consumers who are struggling to make ends meet.

Image:  ©  rido/ 123rf.com
  • Stats SA
  • Inflation
  • Consumer price inflation

JOHANNESBURG – Inflation has continued to climb, with annual consumer price inflation at 7.4% for June.

This is up from 6.5% for May on an annualised basis.

When looking at month-on-month inflation, the figure increased by 1.1%.

Stats SA said that this was the highest rate since May 2009, when the figure was 8%.

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