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Big petrol price hike to hit South Africa in February: economist

South African consumers face little reprieve in the coming months as both fuel and food prices look to creep higher, says Investec chief economist Annabel Bishop. Commenting on Statistics South Africa’s latest CPI data, Bishop noted transport inflation rose from 15% y/y in November to 16.8% y/y in December, as petrol prices rose by 75c/litre. […]

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