South African inflation hits new 13-year high: data

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Inflation in South Africa accelerated to its highest level in 13 years in July, pushed mainly by surging prices for food, transport and electricity, official data showed on Wednesday.

"Annual consumer inflation reached another 13-year high, increasing to 7.8 percent in July from 7.4 percent in June," the national statistics agency StatsSA said in a statement.

Source(s): AFP

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