According to reports reaching oyogist.com, inflation in South Africa rose to 5.5%, the highest level in almost five years in November.
The rise in the inflation rate of the country now underscores the difficult choice currently being faced by the central bank in striking a balance between taming price growth and supporting an economy grappling with the fallout from a fourth wave of coronavirus infections.
Consumer prices rose 5.5% from a year earlier, compared with 5% in October.
That’s the highest level since March 2017.
