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Food, transport prices propel inflation to 9-month high

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Johannesburg - South African inflation accelerated to the highest level in nine months in November, boosted by increases in food and transport prices.

The inflation rate was 6.6% compared with 6.4% a month earlier, Statistics South Africa said on its website on Wednesday. The acceleration is in line with the 6.6% median estimate of 17 economists surveyed by Bloomberg. Prices climbed 0.3% in the month.

Prices of food and non-alcoholic beverages, which comprise 15.4% of the index, climbed 11.6% from a year earlier, while fuel costs rose 5.6%.

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