South Africa inflation accelerates in JulyStaff Writer | August 22, 2018
South Africa's inflation accelerated in July on higher housing and transport costs, figures from Statistics South Africa showed.
Africa On a monthly basis, consumer prices gained 0.8% in July
On a monthly basis, consumer prices gained 0.8% in July, as expected.
Data showed that consumer prices for goods grew 5.3% on year and that for services advanced 5%. Housing and utilities prices climbed 5.2% and transport costs surged 10%. ■