South Africa’s underlying inflation pressures strengthened in May, a development closely watched for clues about where prices — and interest rates — may head next. Core inflation, which excludes volatile items and is watched for signs of wider price pressure, rose to 3.8% from 3.6% in April. The South African Reserve Bank targets inflation at 3%, with a 1 percentage-point tolerance band on either side.
South Africa’s inflation rises to near two-year high
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