{"id":245582,"date":"2022-12-14T17:08:50","date_gmt":"2022-12-14T15:08:50","guid":{"rendered":"https:\/\/www.myza.co.za\/cpi-decreases-to-7-4\/"},"modified":"2022-12-14T17:08:50","modified_gmt":"2022-12-14T15:08:50","slug":"cpi-decreases-to-7-4","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/cpi-decreases-to-7-4\/","title":{"rendered":"CPI decreases to 7.4%"},"content":{"rendered":"
<\/div>\n

The South African consumer price inflation (CPI) slightly moderated to 7.4% in November from the previous month\u2019s 7.6%.<\/p>\n

This was on Wednesday revealed by Statistics South Africa (Stats SA).<\/p>\n

The agency said the monthly change in the CPI was 0.3% in November, slightly lower than the 0.4% recorded in October.<\/p>\n

The three categories with the highest annual inflation rates in November were transport (15.3%), food and non-alcoholic beverages (NAB, at12.5%) and hotels and restaurants (7.9%).<\/p>\n

Stats SA said: \u201cFood and NAB inflation climbed to 12.5% in November from 12.0% in October, representing the seventh consecutive month of accelerating price inflation.<\/p>\n

“This rising trend is mainly driven by inflation in bread and cereals, which reached an annual rate of 19.9% in November, up from 19.5% in October. This is notably higher than the modest 2.3% recorded in November 2021.”<\/p>\n

During this period, the average price of a 2.5 kg bag of maize meal was R34.08 in November, up from R33.82 in October and R25.59 a year (12 months) ago. On average, the price for a loaf of white bread increased to R18.68 in November from R18.54 in October. A year ago, the price was R15.68.<\/p>\n

\u201cThe annual rate for meat was 10.5% in November, unchanged from 10.5% in October. Bacon and other pork products increased by 6.4% and 1.9%, respectively, between October and November.<\/p>\n

\u201cPrices of milk, eggs and cheese products rose by 10.9% in the 12 months to November, slightly higher than the rate recorded in October (10.5%). Coffee whitener increased by 4.6% between October and November and full cream long life milk by 2.4%,\u201d said the agency.<\/p>\n

The annual rate of change for the oils and fats index declined for the third consecutive month, decreasing to 24.8% from 25.7% in October. The average price for a 750 ml bottle of sunflower oil was R38.2 in November, lower than the peak of R45.33 recorded in July.<\/p>\n

The transport index recorded its fourth consecutive month of disinflation, with the annual rate declining to 15.3% in November from 17.1% in October. This is largely the result of falling fuel prices in recent months, with annual inflation reaching 25.3% in November, compared with 30.1% in October. However, fuel prices increased by 3.2% between October and November, a smaller rise than the 7.1% jump between October and November 2021. Used vehicle prices continue to increase rapidly, with monthly increases of approximately 1.3% since the beginning of this year.<\/p>\n

Prices charged by restaurants and hotels increased by 7.9% in the year to November. Restaurant prices increased by 7.0% and hotels by 10.1%.<\/p>\n

Electronic goods feature in different CPI categories and several of these experienced large monthly price changes. Examples include laptops (1.6%), cell phones (1.7%) and digital cameras (5.3%). Television prices, however, declined by 1.5%.<\/p>\n

The charts below show the products that recorded the largest percentage price increases in November. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The South African consumer price inflation (CPI) slightly moderated to 7.4% in November from the previous month\u2019s 7.6%. This was on Wednesday revealed by Statistics South Africa (Stats SA). The agency said the monthly change in the CPI was 0.3% in November, slightly lower than the 0.4% recorded in October. The three categories with the […]<\/p>\n","protected":false},"author":1,"featured_media":245583,"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-245582","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\/12\/cpi-decreases-to-7-4.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/245582","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=245582"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/245582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/245583"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=245582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=245582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=245582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}