The consumer price inflation rate has increased to 4.5% in May, from 4.4% in April 2019.
Statistics South Africa has revealed that the annual consumer price inflation dropped to 4.4% in April, from 4.5% in March 2019.
Chief economist at Nedbank Dennis Dykes says unemployment in South Africa can only be alleviated if the economy improves. Statistics South Africa revealed an increase in the unemployment rate on Tuesday.
Statistics South Africa has announced that the number of unemployed persons increased by 62 000 to 6.2 million in the first quarter of the year.