South Africa inflation drops below target, first time in 15 years
JOHANNESBURG – South Africa’s inflation rate dropped below the central bank’s target range for the first time in 15 year in May due to lower fuel prices
Consumer prices rose 2.1% from a year earlier compared with 3% in April, the Pretoria-based Statistics South Africa said Wednesday in a statement on its website.
That’s the lowest since September 2004.
Source: iol.co.za
