The marginal dip of consumer price inflation from 5.6% in February to 5.3% in March is viewed as a positive sign and encouraging. The main contributors to the 5.3% annual inflation rate are housing and utilities, miscellaneous goods and services, food and non-alcoholic beverages, and transport. The categories with the highest annual price changes in March were miscellaneous goods & services (up 8,5%), education (up 6,3%), health (up 6,0%) and housing & utilities (up 5,9%).
To note, food inflation is at a three and a half year low, with bread and cereals registering a softer annual print of 5,0%, with bread flour, pasta, rusks, maize meal, ready-mix flour and white bread being cheaper than a year ago, which will benefit households.
Enquiries:
William Baloyi
Cell: 083 390 7147
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