{"id":268763,"date":"2018-08-31T12:40:55","date_gmt":"2018-08-31T10:40:55","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=268763"},"modified":"2018-08-31T12:40:55","modified_gmt":"2018-08-31T10:40:55","slug":"this-is-how-much-beer-milk-and-cigarettes-cost-10-years-ago-in-south-africa-versus-today","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/268763\/this-is-how-much-beer-milk-and-cigarettes-cost-10-years-ago-in-south-africa-versus-today\/","title":{"rendered":"This is how much beer, milk and cigarettes cost 10 years ago in South Africa – versus today"},"content":{"rendered":"

Commercial property specialist Broll has published a\u00a0retail<\/a>\u00a0<\/strong>report which examines how the prices of key products and services have increased over the past 10 years, and the effect this has on the spending power of the average South African.<\/p>\n

“Most of the country\u2019s population is concerned about the high cost of living, which appears to be increasing faster and higher than the average increase in salaries,” it said.<\/p>\n

“When taking all of the above-mentioned factors into account, it is evident that consumers continue to focus their spending on necessities such as food and pharmaceutical products with luxuries such as jewellery taking a back seat.”<\/p>\n

It added that this trend is set to continue throughout 2018 with little signs of relief likely.<\/p>\n

“The rising price of fuel, increased electricity tariffs, and living costs overall continue to rise, all of which impact upon the retail supply chain and hence the goods and services which consumers spend on,” it said.<\/p>\n

“This will negatively affect consumers\u2019 pockets and is expected to place further pressure on disposable income.”<\/p>\n

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Factors affecting consumer spend<\/strong><\/p>\n

As part of the report, Broll looked at a number of which factors were to blame for the decline in consumer spending.<\/p>\n

It also offered a comparison of 12 everyday items, and how much they cost in 2008 vs 2018.<\/p>\n

These include:<\/p>\n