# FNB senior economist Koketso Mano says any prolonged disruption to physical supplies of energy provides key near-term upside risk. South Africa’s consumer inflation rate rose to 4.5-percent in May this year, up from 4.0-percent in April. This marks the highest annual rate recorded since July 2024, when inflation stood at 4.6-percent. Mano says the prevailing over-recovery on regulated fuel prices in the country suggests that market movements are sufficient to mitigate the complete removal of the general fuel levy relief:
Economist says fuel inflation should abate alongside softer oil prices [SOUND]
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