Retail inflation for last month breached government's 6percent ceiling for the second month. Statistics South Africa yesterday reported May's consumer price index excluding mortgages (CPIX) was 6,4percent, slightly worse than April's 6,3percent. The inflation was partly due to last month's 34c a litre petrol price increase, but mainly to the drought pushing up food prices. - Staff Reporter
Retail inflation for last month breached government's 6percent ceiling for the second month. Statistics South Africa yesterday reported May's consumer price index excluding mortgages (CPIX) was 6,4percent, slightly worse than April's 6,3percent. The inflation was partly due to last month's 34c a litre petrol price increase, but mainly to the drought pushing up food prices. - Staff Reporter