{"id":237772,"date":"2022-09-21T14:37:26","date_gmt":"2022-09-21T12:37:26","guid":{"rendered":"https:\/\/www.myza.co.za\/cpi-dips-to-7-6-in-august\/"},"modified":"2022-09-21T14:37:26","modified_gmt":"2022-09-21T12:37:26","slug":"cpi-dips-to-7-6-in-august","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/cpi-dips-to-7-6-in-august\/","title":{"rendered":"CPI dips to 7.6% in August"},"content":{"rendered":"
<\/div>\n

The monthly increase in the consumer price index (CPI) was 0.2%, the lowest reading since January 2022, says Statistics South Africa (Stats SA).<\/p>\n

The decrease was amid fuel prices decreasing by 3.8% between July and August, with petrol falling by 5.0% and diesel by 0.9%.<\/p>\n

\u201cThis pushed the annual rate for fuel down to 43.2% from 56.2% in July. The welcome decrease in the cost of fuel had an impact on the overall transport index, which declined by 1.0% between July and August,\u201d the agency said.<\/p>\n

In contrast to fuel, food inflation continued upwards. The food and non-alcoholic beverages (NAB) index increased by 11.3% in the 12 months to August, higher than the reading of 9.7% in July.<\/p>\n

Annual food and NAB inflation has climbed significantly from the recent low of 6.0% in April this year and has remained above 5.0% since October 2020. Nine of the 11 food and NAB categories recorded an annual inflation rate above 8.0% in August.<\/p>\n

During this period, bread and cereals registered an increase of 3.1% between July and August, pushing the annual rate from 13.7% to 17.8%. Maize meal increased by 4.8% from July, taking the annual rate to 29.1%. Brown bread registered a monthly rise of 2.2% and cake flour 3.9%.<\/p>\n

In a statement, Stats SA said annual meat inflation eased slightly from 9.4% in July to 9.2% in August, with a monthly increase of 0.7%. Annual meat inflation has remained above 8.0% since May 2021.<\/p>\n

\u201cPrices for milk, eggs and cheese increased by 2.1% between July and August. Products with higher than average monthly increases include cheddar cheese (3.1%), low fat milk (2.9%) and full cream milk (2.6%).<\/p>\n

\u201cOils and fats hit another annual high \u2013 37.6% in August, up from 36.2% in July. The monthly rate, however, has slowed from its peak of 10.1% in May this year to 1.1% in August.<\/p>\n

\u201cHot beverage prices steamed to their highest annual rate in 64 months at 11.8% (compared with 12.1% in April 2017), stirred up by monthly increases in rooibos tea (7.6%) and instant coffee (3.9%).\u201d<\/p>\n

Household cleaning products recorded significant price increases.<\/p>\n

\u201cWashing powder is 26.2% more expensive than a year ago. Laundry soap will set you back an additional 33.9%, compared with August last year, and the price of dishwashing liquid has climbed by 13.6% over the same period. Overall, the price index for cleaning and maintenance products increased by 23.4% over the past 12 months,\u201d Stats SA said. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The monthly increase in the consumer price index (CPI) was 0.2%, the lowest reading since January 2022, says Statistics South Africa (Stats SA). The decrease was amid fuel prices decreasing by 3.8% between July and August, with petrol falling by 5.0% and diesel by 0.9%. \u201cThis pushed the annual rate for fuel down to 43.2% […]<\/p>\n","protected":false},"author":1,"featured_media":237773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-237772","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/09\/cpi-dips-to-7-6-in-august.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/237772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=237772"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/237772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/237773"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=237772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=237772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=237772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}