No guarantee of inflation peaking any time soon, Kearney warns (opens original article in a new tab)

Global consulting firm Kearney warns that inflation may not peak soon due to ongoing geopolitical tensions and fuel price pressures, with South Africa's inflation reaching 4.5% in May driven by significant fuel price increases. The firm predicts higher inflation rates and economic challenges due to energy costs and supply chain disruptions.

• Global management consulting firm Kearney warns that inflation may not peak soon due to geopolitical tensions and fuel price pressures
• Fuel prices significantly contributed to South Africa's 4.5% inflation rate in May, with petrol and diesel prices rising sharply
• Kearney's report predicts inflation could reach 7.0% annually, higher than pre-conflict projections of 3.2%
• Geopolitical conflicts, including the US-Israel war on Iran, are affecting global supply chains and energy costs