Consumers are set to come under higher price pressures as inflation continues to exceed its highest levels in thirteen years.

Data released by Statistics South Africa shows that the consumer price Index (CPI) increased to 7.4% in June from 6.5% in May this year.

The main driver of inflation in South Africa has come from higher food and fuel prices.

Consumers are set to face further price pressures after municipal rates also increased this month.

A brief breakdown

  • Food and non-alcoholic beverages: increased by 8.6% year-on-year, contributing 1.5 percentage points to the total CPI annual rate of 7.4%.
  • Housing and utilities: increased by 5.1% year-on-year, contributing 1.2 percentage points.
  • Transport: increased by 20.0% year-on-year, contributing 2.7 percentage points
  • Miscellaneous goods and services: increased by 4.0% year-on-year, contributing 0.6 of a percentage point.

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