Consumer inflation accelerates to 5,9%
Annual consumer inflation increased for a third consecutive month in October, verging on the upper limit of the South African Reserve Bank’s inflation target range. The headline rate was 5,9%, up from 5,4% in September. Consumer prices increased on average by 0,9% between September and October, the highest monthly rise in three months. The following read more »
Inflation rises for a second consecutive month
Consumer price inflation increased to 5,4% in September from 4,8% in August. This brings the rate to the same level as June this year. Fuel prices cast a shadow The fuel index increased for a second consecutive month, rising by 7,6% between August and September. The price of inland 95-octane petrol jumped by R1,71 in read more »
Consumer inflation edges higher in August
After four consecutive months of decline, annual consumer inflation pushed up in August, rising to 4,8% from 4,7% in July. Inflation for food & non-alcoholic beverages (NAB) continued to cool, taking some of the heat off the headline rate. This was not enough, however, to counteract a rise in fuel prices and increases in municipal read more »
Consumer inflation lowest in two years
Annual consumer inflation slumped to 4,7% in July from 5,4% in June. This is the lowest reading since July 2021, when the rate was 4,6%. Consumer prices increased on average by 0,9% between June 2023 and July 2023. This is up from the monthly rise of 0,2% recorded in both May and June. Transport taps the brakes on read more »
Consumer inflation retreats to 5,4%
Annual headline inflation cooled to 5,4% in June from 6,3% in May, sinking below the upper limit of the South African Reserve Bank’s monetary policy target range. The last time inflation was below 6% was in April 2022. The rate in June is the lowest reading in 20 months (since October 2021) when the rate was 5,0%. The read more »
Inflation slows to 13-month low
Headline consumer inflation cooled for a second consecutive month in May to 6,3% from 6,8% in April. May’s reading is the lowest since April 2022 when the rate was 5,9%. The month-on-month change in the consumer price index (CPI) was 0,2% in May. The annual rate for food and non-alcoholic beverages (NAB) was 11,8%, lower than read more »
Inflation: the most vulnerable are at risk
The groups that are most susceptible to economic hardship are experiencing large increases in the cost of living, according to the latest inflation data. Together with the headline consumer price index (CPI), Stats SA publishes inflation rates for each province, for ten different income groups and for pensioners. The basket for each of these indices read more »
Inflation eases to 11-month low
Annual consumer inflation slowed to 6,8% in April from 7,1% in March. This is the lowest reading since May 2022, when the rate was 6,5%. The monthly change in the consumer price index (CPI) was 0,4% in April 2023. Food and non-alcoholic beverages Annual inflation for food and non-alcoholic beverages eased to 13,9% in April from 14,0% read more »
Inflation rises for a second consecutive month as food prices bite
Headline consumer inflation edged higher to 7,1% in March from 7,0% in February and 6,9% in January. The monthly change in the consumer price index (CPI) was 1,0% in March, the most significant monthly rise since July 2022 when it was 1,5%. Food & non-alcoholic beverages and transport were the main drivers behind the annual read more »
Inflation rises for the first time since October
Annual consumer inflation rose for the first time in four months, edging to 7,0% in February from 6,9% in January. Food and non-alcoholic beverages and transport were the main contributors to the inflation rate in February. The consumer price index (CPI) rose by 0,7% between January and February, representing the largest monthly increase since July read more »