South Africans could face rising living and borrowing costs after inflation accelerated sharply in April, raising questions over whether interest rate hikes can curb price pressures increasingly driven by global fuel shocks rather than domestic demand.
Consumer inflation rose to 4 in April from 3.1 in March, according to figures released by Statistics South Africa on Wednesday.
The increase returns headline inflation to the midpoint of the South African Reserve Banks target range of 3 to 6 after several months of softer inflation readings.
