Inflation at a 13-year-high of close to 8% is a scary number, even if not quite as scary as the UK’s latest 10.1% and climbing, or even the US’s 8.5%.
As disturbing is the fact that the biggest drivers of the July jump in SA’s consumer price inflation rate were again food and fuel. Food inflation has climbed to 9.7% with double-digit increases in staples such as bread and cereals and meat. Stats SA points out that inflation for the nondurable goods that consumers buy most frequently — food, drink, electricity, fuel and medicine — is running at 14.4%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.