# South Africa inflation strikes 13-year high on eve of rates call

> 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.

- Date: 2022-07-20 · published 2022-07-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/40793-south-africa-inflation-strikes-13-year-high-on-eve-of-rates-call
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-africa-inflation-strikes-13-year-high-eve-rates-call-2022-07-20/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.