The headline inflation rose to 5% in September 2021 from 4.9% in August 2021. Food inflation is 7%, electricity 14%, and fuel almost 20%, with a large petrol price increase expected in November.
This report is the outcome of our 2021 DSL Colloquium, which presented an updated list of Socially Perceived Necessities (SPNs). The SPNs illustrate what South Africans consider essential living conditions and/or possessions needed to live a decent life.
The term inflation means a sustained increase in the general level of prices of goods and services. The headline annual inflation rate increased to 4.9% in August 2021 from 4.6% in July 2021.
Abuses of the right to strike, the right to establish and join a trade union, the right to trade union activities and civil liberties and the right to free speech and assembly are at an eight-year high, according to the ITUC’s annual Global Rights Index.
The headline inflation rate in May 2021 accelerated to 5.2 % year on year. The prices of food, transport, public transport and administered prices continue to drive inflation. Remember that inflation statistics refer to the past twelve months, while wage increases refer to the months to come.