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South Africa's June headline inflation rose to 7.4% year on year, above the 7.2% forecast and the highest since 2009. Fuel and food prices, which have risen sharply due to the war in Ukraine, were the main drivers.
Rising inflation points to tighter monetary policy and pressure on the rand, while higher fuel and food costs raise the cost of living and operating expenses for local feed producers.
reuters.comAlexander WinningJul 20, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
