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South Africa’s consumer inflation rises in July as expected | SA News

Food and non-alcoholic beverages inflation ticked up to 5.7% year-on-year in July from 5.1% in June, while fuel prices edged higher after four months of deflation, the statistics agency said on Wednesday.

Annual core inflation, which excludes volatile items such as food and energy, stood at 3.0%, slightly below analysts’ forecasts of 3.1% and remaining within the central bank’s 3% to 6% target range.

African Union: South Africa is a founding member of the African Union (AU), which
aims to promote unity and cooperation among African nations.

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