South African State-Influenced Prices Ignite Inflation: ChartBy
Administered prices, or the costs of services such as electricity, water and
refuse removal that can be determined or influenced by the government, climbed by 8.8 percent in January from a year earlier. That’s the fastest increase in almost two years, helping to push the consumer-inflation rate to a 17-month high. If the prices of administered goods and services, which make up 18.5 percent of the CPI basket, were removed from the calculation, consumer inflation would have been 5.6 percent rather than 6.2 percent.
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