Consumer inflation edges slightly higher in November

Sa Reserve Bank News

Consumer inflation edges slightly higher in November
South AfricaFree Market EconomyNational Government
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There was no change in the consumer price index (CPI) between October and November.

While it may not feel like it for many South Africa ns, StatsSA said that food inflation is the lowest it has been in 14 yearsThis was according to Statistics South Africa who said that annual consumer inflation was at 2,9% in November, slightly up from 2,8% in October.While it may not feel like it for many South Africa ns, StatsSA said that food inflation is the lowest it has been in 14 years

Fish inflation was flat, while oils and fats and fruit recorded steeper price increases. The annual rate for bread and cereals moderated further, cooling to its lowest level in almost three years. The graphs below show food and beverage products that recorded significant price changes in November: The price index for the restaurants and hotels category rose by 5,9% in the 12 months to November, with increases recorded for both restaurants and hotels .Inflation hits the poor the hardest

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