#Consumer Inflation

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Salary Increase Season – What’s Realistic and What’s Not in 2025

As South Africa enters salary review season, both employers and employees are grappling with ongoing economic challenges. While inflation has slightly eased compared to 2023 and 2024, the cost of living — driven by fuel prices, food, electricity, and healthcare — remains high. Speaking on VOC Breakfast on Thursday morning, Lindiwe Sebesho, a Master Reward Specialist and Executive Committee Member at the South African Reward Association, said it is essential […]

today26 June 2025

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Consumer Inflation Eases as Fuel and Education Costs Decline

South Africa’s consumer inflation rate eased in March, in line with market expectations. According to Statistics South Africa, the annual Consumer Price Index (CPI) rose by 2.7%—down from 3.2% in February—marking the first decline in five months. The main contributors to the annual inflation rate included housing and utilities, food and non-alcoholic beverages, as well as restaurant and accommodation services. However, the most significant easing came from lower fuel prices. […]

today23 April 2025

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Consumer inflation increases to above 3%

With the most recent consumer inflation rising to 3.2% at the beginning of 2025, South Africans are eager to hear what the Minister of Finance will cover in his March budget speech. Mervyn Abrahams, Programme Coordinator from the Pietermaritzburg Economic Justice & Dignity Group, said the latest report from the Household Affordability Index revealed that the average cost of the Household Food Basket is R5 313.22. “Food prices dropped across […]

today26 February 2025

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Customer inflation basket updated by Stats SA

The consumer inflation basket has been redesigned by Statistics South Africa (Stats SA), which has added 71 items, eliminated 53, and rearranged 29. While things like ground coffee and satellite TV decoders were discontinued, new inclusions include gas cylinders, school uniforms, streaming services, and basmati rice. Patrick Kelly, chief director for price statistics said the updated product weights show rising food and telecom expenditures. Kelly claimed that the revised basket, […]

today29 January 2025

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Annual consumer inflation rises slightly to 3% in December

South Africa's annual consumer inflation increased to 3% in December, up slightly from 2.9% in November. The key contributors to this rise were housing and utilities, miscellaneous goods and services, food, and non-alcoholic beverages. Statistics South Africa’s Patrick Kelly noted that the average inflation rate for 2024 was 4.4%, a decrease compared to the 6% recorded in 2023.   "In 2024, vehicle inflation saw a notable decline, starting the year […]

today22 January 2025

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