After two consecutive declines, inflation did not budge in May — coming in at 5.2% year-on-year.
After two consecutive declines, inflation did not budge in May — coming in at 5.2% year-on-year.
It was widely expected that inflation would hold steady during the month amid continued upward pressure from food and fuel prices.
According to Statistics South Africa’s data, the annual rates for four of the 12 product groups remained steady between April and May, including food and non-alcoholic beverages, which had previously seen five consecutive…
