South Africa's inflation hit a new record high of 7.8 percent year-on-year in July, its highest level in 13 years, driven mainly by rising food, transport, and electricity prices, official figures showed Wednesday.
"Year-on-year consumer price inflation reached a new 13-year high, rising to 7.8 percent in July from 7.4 percent in June," the national statistics agency, StatsSA, said in a statement.
Inflation has reached its highest level in decades in many countries, fueled in particular by the war in Ukraine and the economic recovery following the easing of restrictions related to the global Covid pandemic.
The continent's leading industrial power had already seen consumer price inflation accelerate in June to 7.4% year-on-year.
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