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CPI higher in December


 Consumer prices in South Africa edged higher in December, posing a headache for the country's central bank as it meets to discuss efforts to kick-start the economy.

Statistics South Africa reported that the consumer price index increased 5.7% from the level a year ago, higher than the 5.6% rate seen in November.

Prices for food, housing and transport all rose, further pressuring hard-hit South Africans.

The data comes as the South African Reserve Bank's monetary policy committee meets to discuss what they can do to turn lackluster growth into a situation more likely to address high unemployment.