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<\/a><\/p>\nFuel a major drag on CPI<\/strong><\/p>\n The most significant price move in May was the fall in fuel prices, StatsSA said.<\/p>\n The fuel index slumped by 12.2% from April. The transport category \u2013 which includes fuel, running costs, vehicle purchases and public transport \u2013 was the only contributor to the -0.6% monthly change in the CPI.<\/p>\n The fuel index is 25.9% lower than it was in May 2019. As a motorist, you are paying less for petrol than you did a year ago. The price of inland 95-octane petrol, for example, was R12.22 per litre in May 2020. In May 2019, the price was R16.67.<\/p>\n Meat and dairy prices are up, but beverages are cheaper<\/strong><\/p>\n Food and non-alcoholic beverages prices edged up by a monthly average of 0.3% in May, for the third consecutive month. Annual inflation for this category was 4.4%, identical to April\u2019s reading.<\/p>\n Meat prices climbed by 5.5% over the past 12 months, but registered a 0.1% fall between April and May. Stewing beef prices are 2.1% lower than they were in April.<\/p>\n Prices of dairy products climbed by 3.7% from April and by 7.1% from May 2019. The oils and fats index rose by 2,3% from April, recording an annual rise of 8.3%.<\/p>\n Margarine prices saw a monthly increase of 3.6%.<\/p>\n Peanut butter was 5.8% more expensive in May compared with April, recording an annual rise of 16.3%.<\/p>\n Decreases were seen across most non-alcoholic beverage products with an overall month-on-month price drop of 2.4%.<\/p>\n Prices for hot beverages, such as tea and coffee, fell by 1.9% between April and May, with instant coffee prices in particular declining by 4.2%. Cold beverage prices fell by 2.7% over the same period.<\/p>\n
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