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South Africa Inflation hits 20-Month High on Fuel Costs

South Africa's inflation rate rose to the highest level in 20 months in April, driven by higher fuel prices linked to the Iran war and its effect on global energy markets. Consumer prices increased 4.0% from a year earlier, compared with 3.1% in March, Statistics South Africa said. The reading was above the 3.9% forecast in a Reuters poll and matched the median estimate in a Bloomberg survey. On a monthly basis, inflation rose 1.1%, compared with 0.6% in March. [...]