South Africa Fuel Price Inflation: What's Driving the YoY Surge South Africa's annual consumer inflation rate rose to 5.0% in June 2026, up from 4.5% in May — the highest reading since June 2024 — and fuel prices were the single largest driver of that increase. This marks a sharp reversal from early 2026, when falling fuel prices were actually pulling inflation down. Fuel's swing from deflationary…