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July inflation eases to 4.9%

Aug 22 2012 11:57
Johannesburg - South Africa’s consumer inflation slowed more than expected to 4.9% year-on-year (y/y) in July from 5.5% in June, Statistics South Africa said on Wednesday.

On a month-on-month basis, inflation ticked up to 0.3% compared with 0.2% in June but was still lower than economists’ expectations of 0.6%.

On a y/y basis economists had forecast CPI would slow to 5.2%.

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