The annual inflation rate decreased from 6.3% in May 2023 to 5.4% in June 2023. The Consumer Price Index (CPI) increased by 0.2% month-on-month in June 2023.
Inflation tells us something about the buying power of a worker. Effective negotiators need to ensure that workers get regular increases to maintain the buying power of their wages.
Annual consumer inflation increased to 7.8% in July 2022 from 7.4% in June. Transport, food and non-alcoholic beverages, and housing and utilities continue to place considerable pressure on the annual rate. Bread and cereals, oils and fats, fuel and electricity contributed notably to the reading in July.
The headline annual inflation rate increased to 5.9% in March 2022, from 5.7% in February 2022. The Consumer Price Index (CPI) increased by 1.0% month-on-month in March 2022.
Annual consumer inflation held steady at 5. 7% in February 2022, unchanged from January. But food and transport prices put upward pressure on the monthly rate, with the Consumer Price Index (CPI) for the goods increasing by 0.6% between January and February.
The Consumer Price Index eased to 5.7% in January of 2022, from a near five-year high of 5.9% in December. Prices slowed for transport and health but rose faster for food, housing and utilities.
The annual consumer price inflation was 5.9% in December 2021, compared with 5.5% in November. It’s the highest recorded annual rate since March 2017, when it increased by 6.1%. Transport prices increased by a massive 16.8%, on the back of rising petrol and diesel prices.
The Consumer Price Index increased to 5.5% in November 2021, compared with 5% in October. That’s the biggest annual increase in almost 5 years. The transport category contributed the most to the inflation in November, recording an annual increase of 15%.
The Consumer Price Index came out unchanged at 5% compared to September. Food and transport costs are the biggest contributors to the rate, with the transport index increasing by 10.9% in October 2021 compared with October 2020. And the SARB has raised its main lending rate by 25 basis points to 3.75%, meaning the prime lending rate of commercial banks will increase to 7.25%.
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.
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.
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.
The headline annual inflation rate increased to 4.4% in April 2021 from 3.2% in March 2021. The Consumer Price Index (CPI) increased by 0.7% month-on-month in April 2021.
The headline annual inflation rate declined to 3.1% in December 2020 from 3.2% in November 2020. The Consumer price index increased by 0.2% month-on-month in December 2020.
The headline annual inflation rate declined to 3.2% in November 2020 from 3.3% in October 2020. On a month-on-month basis the inflation rate came at 0% in November 2020 from 0.3% in October 2020.
The headline annual inflation rate increased at a slower pace of 3% in September 2020 from 3.1% in August 2020. On average, prices increased by 0.2% month-on-month in September.
The headline annual inflation rate slowed down to 3.1% in August 2020 from 3.2% in July 2020. On average, prices increased by 0.2% month-on-month in August 2020.
The headline annual inflation rate decreases to 2.1% in May 2020 from 3% in April 2020. On average, prices increased by 0.6% month-on-month in May 2020.
The headline annual Inflation rate decreased to 3% in April 2020 from 4.1% in March 2020. On average, prices increased by 0.5% month-on-month in April 2020.
The headline annual inflation rate decreased to 4.1% in March 2020 from 4.6% in February 2019. On average, prices increased by 0.3% month-on-month in March 2020.
The headline inflation rate increased to 4.6% in February 2020 from 4.5% in January 2019. On average, prices increased by 0.1% month-on-month in February 2020.
The headline inflation rate increased to 4.5% in January 2020 from 4% in December 2019. On average, prices increased by 0.3% month-on-month in January 2020.
The headline inflation rate was 4% in December 2019 compared to 3.6% in November 2019. On average, prices increased by 0.3% month-on-month in December 2019.
The headline inflation rate declined to 3.6% in November 2019 from 3.7% in October 2019. On average, prices increased by 0.1% month-on-month in November 2019.
The headline inflation rate declined to 3.7% in October 2019 from 4.1% in September 2019. On average, prices increased by 0.3% month-on-month in September 2019.
The headline inflation rate declined to 4.1% in September 2019 from 4.3% in August 2019. On average, prices increased by 0.3% month-on-month in September 2019.
The headline inflation rate decreased to 4% in July 2019 compared to 4.5% in June 2019. On average, prices increased by 0.4% month-on-month in July 2019.
The headline inflation rate increased to 4.5% in May 2019 compared with 4.4% in April 2019. On average, prices increased by 0.3% month-on-month May 2019.
The headline inflation rate declined to 4.4% in April 2019 compared to 4.5% in March 2019. On average, prices declined by -0.1% month-on-month April 2019.
The headline inflation rate increased to 4.5% in March 2019 compared to 4.1% in February 2019. On average, prices increased by 0.8% month-on-month March 2019.
The headline inflation rate declined to 4.1% in February 2019 compared to 4% in January 2019. On average, prices increased by 0.8% month-on-month in February 2019.
The headline inflation rate declined to 4% in January 2019, compared to 4.5% in December 2018. On average, prices increased by 0.5% between January 2019 and December 2018.
The headline inflation rate as measured by the CPI declined to 4.5% in December 2018 compared to 5.2% in November 2018. On average, prices increased by 0.5% between September 2018 and October 2018.
The headline inflation rate was 5.2% in November 2018, higher than 5.1% in October 2018. On average, prices increased by 0.5% between September 2018 and October 2018.
The headline inflation rate was 5.1% in October 2018, higher than 4.9% in September 2018. On average, prices increased by 0.5% between September 2018 and October 2018.
The headline inflation rate was 4.9% in September 2018, unchanged from 4.9% in August 2018 on average, prices increased by 0.5% month-on-month in September 2018.
The headline Inflation rate at March 2018 was 3.8% year on year. The rate was 0.2% point lower than the corresponding annual inflation rate of 4 % in February 2018.