# Union federation Cosatu expects the Reserve Bank to hike the repo rate today, as a result of the increase in inflation. Statistics South Africa announced inflation accelerated to five-percent from 4.5-percent in May, reaching levels last seen in June 2024 as higher transport costs pushed prices higher. Annual inflation for food and non-alcoholic beverages measured 1.6-percent. Cosatu’s Matthew Parks says this is placing an unbearable burden upon working and middle-class families:
Cosatu is deeply worried about the increase in inflation to 5% [SOUND]
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