At its highest level, South Africa inflation surged to 13-year high in June with the annual consumer price inflation of 7.4%
Inflation is the rising prices of goods and services in an economy and there are three types which are Demand-pull, Cost-push, and Built-in inflation.
Rising food prices have been a concern world wide. South Africa has concerns about people failing to afford basic foodstuffs.
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The UK annual rate jumped to 4.2%, hitting the highest level since November 2011, the Office for National Statistics said in a statement
Another round of high inflation numbers has sparked concerns over the persistence in the recent upward price pressure.
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The Competition Commission has, since 17 March, received a total of 1 354 complaints and tip-offs from the public about inflated prices.
Inflation rate edged up to 4% in December. However, food items such as bread, cereal and fish were up by 8% or more.
Kganyago noted that future policy decisions will continue to be highly data-dependent.
The Reserve Bank is expected to make its decision on the repo rate, on Thursday.