South African inflation hits new 13-year high ...Middle East

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South African inflation hits new 13-year high
JOHANNESBURG: Inflation in South Africa accelerated to its highest level in 13 years in July, pushed mainly by surging food, transport and electricity prices, official data showed Wednesday as workers staged protests over the high cost of living.Consumer prices rose at an annual rate of 7.8 percent in July, up from 7.4 percent in June, the national statistics agency StatsSA said in a statement.The publication of the latest statistics coincided with protests in major cities over the worsening economic conditions, which have been particularly crushing for the poorest in the continent's most industrialised country.Strikers led by South Africa's two largest trade unions called for government act

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