Economics
South Africa's Inflation Rate Increases to 4.8% in November
- Rand weakened to record low against dollar, euro, pound
- Currency depreciation a major risk to inflation outlook
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South Africa’s inflation rate rose to 4.8 percent in November, the highest since July.
Inflation accelerated from 4.7 percent in October, the Pretoria-based statistics office said on its website on Wednesday. The rate was in line with the median of 22 economist estimates compiled by Bloomberg. Prices rose 0.1 percent in the month.