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Inflation just hit a 5-year high - and worse is to come, warn economists

Lameez Omarjee

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Inflation hit its highest level in five years, data from Stats SA shows.

Inflation hit its highest level in five years, data from Stats SA shows.

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Consumer inflation has hit its highest level in five years, at 6.5% - but it can still get worse, economists have warned.

Stats SA on Wednesday released the inflation data for May, which spiked up from 5.9% in April. The consensus among economists had been an uptick to 6.1%, a breach of the upper limit of the South Africa Reserve Bank's (SARB) inflation target range of 4% to 6%.

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