May Inflation Hits 4.5%, Highest Since July 2024
The inflation rate reached 4.5% in May, falling below the 4.7% that most economists had anticipated. This figure represents the highest inflation level recorded since July 2024, when the rate stood at 4.6%. The current data indicates a significant increase compared to previous months.
The inflation rate climbed to 4.5% in May. This latest figure was lower than the 4.7% that most economists had projected.
The 4.5% inflation observed in May marks the highest level recorded since July 2024. At that time, the inflation rate had reached 4.6%.
Despite being slightly below expert forecasts, the May inflation rate signifies a notable increase and positions it as the highest point in nearly a year.
According to News24 SA, the current data reflects a surge in the overall inflation rate.
