Inflation climbs to 4% in April

South Africa’s annual inflation rate jumped to 4 percent in April. That’s a percent higher than government’s target of 3 percent. But it’s not unexpected given the sharp fuel price hikes linked to the war. The data points to renewed price pressures after several months of subdued inflation. These figures land ahead of the South African Reserve Bank’s interest rate decision next week, with markets watching closely to see if rising inflation will sway the Bank. #enca #dstv403