Consumer inflation hits 13-year high

Consumer price inflation jumped to 7.4% in June - up from May's 6,5%. 

Statistics South Africa says the June rate is the highest reading since 2009, with soaring food prices and transport services pushing up the annual CPI. 

For bread and cereal products, the monthly increase there was 2.6%, with notable price rises for maize meal at 5.2%, brown bread at 3.2% and macaroni at 3.0%. 

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Meat prices increased by 9.5% in the 12 months to June.

The index for oils and fats registered an annual increase of 32.5% compared with almost 27% in May. 

Fuel prices were up by a whopping 45% in June, while monthly increases were recorded for taxi fares at 2.7%, airfares at 7.1% and long-distance buses at 11.7%.