{"id":300766,"date":"2019-02-21T18:02:44","date_gmt":"2019-02-21T16:02:44","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=300766"},"modified":"2019-02-21T17:02:53","modified_gmt":"2019-02-21T15:02:53","slug":"10-things-which-are-more-expensive-in-south-africa-compared-to-last-year","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/300766\/10-things-which-are-more-expensive-in-south-africa-compared-to-last-year\/","title":{"rendered":"10 things which are more expensive in South Africa compared to last year"},"content":{"rendered":"

Consumer inflation dropped to 4.0% in January 2019, down from 4.5% in December 2018.<\/p>\n

According to Statistics South Africa, this is now the lowest annual rate since March 2018 when headline inflation came in at 3.8%.<\/p>\n

“The drop in consumer inflation over the past few months is primarily the result of a series of cuts in the fuel price,” it said.<\/p>\n

“Fuel has a hefty share of 4,6% of the total CPI, which means that changes in the fuel price easily influence month-to-month changes in the headline figure.”<\/p>\n

The petrol price (inland 95-octane) dropped by R1.23 per litre and diesel by R1.54 in January 2019.<\/p>\n

This resulted in a 10.2% monthly slump in the fuel index, the biggest monthly drop since January 2015.<\/p>\n

The graph below compares overall CPI inflation (blue line) with what CPI inflation would have been if the direct influence of fuel is removed (orange line).<\/p>\n

\"\"<\/a><\/p>\n

Price increases<\/strong><\/p>\n

While the major contributor to the rise in overall inflation in 2018 was the fuel price, there were a number of other notable increases.<\/p>\n

The biggest climbers were green\/red\/yellow peppers which have increased in price by 27.2% over the past year.<\/p>\n

Other large increases in price include tomatoes (26.8%), sweet potatoes (20.1%) and Rooibos tea (19.4%).<\/p>\n

“Peppers, tomatoes, sweet potatoes and rooibos tea experienced the biggest annual price rises in January,” Stats SA said.<\/p>\n

“The rise in rooibos tea prices was underpinned by a lack of supply as the industry continues to recover from a four-year drought.<\/p>\n

It added that the average price for bottled fizzy drinks\u00a0and cans had also climbed by 14.7% and 14,1% respectively<\/p>\n

\"\"<\/a><\/p>\n

\n

Read: South Africa\u2019s tax rates are close to their peak: expert<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The drop in consumer inflation over the past few months is primarily the result of a series of cuts in the fuel price according to Stats SA. <\/p>\n","protected":false},"author":10,"featured_media":286836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26,1809],"class_list":["post-300766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline","tag-stats-sa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/300766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=300766"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/300766\/revisions"}],"predecessor-version":[{"id":300826,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/300766\/revisions\/300826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/286836"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=300766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=300766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=300766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}