CPI rises in December

2014-01-22 14:19

The consumer price index, which is used to measure inflation, rose to 5.4% year on year in December from 5.3% in November. The increase was smaller than forecast, and could be explained by food prices putting less pressure on the inflation rate than expected.

The weak rand is expected to continue to drive commodity prices higher after a fuel price hike earlier this month.

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