South African Inflation Holds Steady in May as Risks Mount
South African inflation held steady in May as uncertainty around its outlook mounts, complicating the task for the central bank when it meets next month.
Consumer prices rose 2.8% from a year earlier, compared with 2.8% in the prior month, Pretoria-based Statistics South Africa said on Wednesday in a statement on its website. That matched the median estimate of 12 economists in a Bloomberg survey.
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