Consumer price inflation hits 13-year high for June
This is bad news for consumers who are struggling to make ends meet.
- Stats SA
- 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%.
South African consumer #inflation reached a 13-year high in June, registering at 7,4%. This was up from 6,5% in May.
Read more here: https://t.co/PuzppoArpS#CPI #StatsSA pic.twitter.com/cIKszzNkAK
Stats SA (@StatsSA) July 20, 2022