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South Africa inflation counters forecasts as food prices fall

A customer shops at a South African retailer. [Photo: Reuters]

JOHANNESBURG - South African inflation came bang in line with expectations in October with food prices edging lower while the impact of higher global oil prices was subdued, data showed on Wednesday.

South Africa’s headline consumer inflation rose to 5.1 percent year-on-year in October, data from Statistics South Africa showed on Wednesday. A Reuters poll had forecast price-growth at 5.1 percent.

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