{"id":451870,"date":"2020-11-27T17:00:37","date_gmt":"2020-11-27T15:00:37","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=451870"},"modified":"2020-11-27T13:48:35","modified_gmt":"2020-11-27T11:48:35","slug":"9-things-that-have-become-a-lot-more-expensive-in-south-africa-in-the-last-year","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/451870\/9-things-that-have-become-a-lot-more-expensive-in-south-africa-in-the-last-year\/","title":{"rendered":"9 things that have become a lot more expensive in South Africa in the last year"},"content":{"rendered":"<p>South Africa&#8217;s consumer price index (CPI) climbed 3.3% in annual terms in October, driven largely by rising prices for food and non-alcoholic beverages.<\/p>\n<p>This is the biggest annual rise since March, when the rate was 4.1%, Statistics South Africa said on Wednesday (25 November). The monthly increase in October was 0.3%, edging up from 0.2% recorded in both September and August.<\/p>\n<p>Prices in the food and non-alcoholic beverages category jumped by 1.4% on average between September and October, leading to a 5.4% annual increase.<\/p>\n<p>This is the biggest annual rise for this category since September 2017 when the country was emerging from the drought.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/11\/Stats-SA-1-e1606477131563.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-452784\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/11\/Stats-SA-1-e1606477131563.jpg\" alt=\"\" width=\"1000\" height=\"672\" \/><\/a><\/p>\n<p>Some of the largest annual price increases were recorded for:<\/p>\n<ul>\n<li>Fruit (13.9%);<\/li>\n<li>Oils and fats (9.7%);<\/li>\n<li>Sugar, sweets and desserts (9.7%);<\/li>\n<li>Tobacco (7.7%);<\/li>\n<li>Insurance (7.6%);<\/li>\n<li>Financial services (7.4%);<\/li>\n<li>Milk, eggs and cheese (6.5%);<\/li>\n<li>Water (6.0%);<\/li>\n<li>Electricity (6.0%).<\/li>\n<\/ul>\n<p>All food categories recorded above headline increases in October with the exception of bread and cereals, which registered an increase on par with the headline rate (3.3%).<\/p>\n<p>There was also a sizeable gap between hot and cold in the annual inflation rates for non-alcoholic beverages: 6.1% for hot drinks, and 1.7% for cold.<\/p>\n<p>At the other end of the spectrum, tourism and travel activity continues to be subdued as the country slowly eases its lockdown restrictions.<\/p>\n<p>A number of categories in the inflation basket recorded an annual fall in prices in October, most notably fuel (-9.1%), package holidays (-3.7%) and hotels (-3.3%).<\/p>\n<p><strong>The cost of a cup of tea\u00a0<\/strong><\/p>\n<p>Drawing specific attention to some of the increases, Stats SA highlighted that tea was the main driver behind the rise in hot beverage prices.<\/p>\n<p>Black tea prices jumped by 3.9% in October compared with September, resulting in an annual rise of 10.4%. Prices of popular condiments have also risen sharply.<\/p>\n<p>Milk prices have seen large increases, with full cream long-life milk 8.1% more expensive than it was a year ago. The price of white sugar increased by 13.9% over the same period.<\/p>\n<p>The price of filling your kettle and switching it on to boil has also risen. Municipal water and electricity tariffs both increased on average by 6.0% when they were surveyed in July.<\/p>\n<p>Rooibos tea, on the other hand, has risen at a much slower 3.3% over the last year. However, despite the slower growth in price, rooibos is more expensive than black tea.<\/p>\n<p>Rooibos will set you back an average of 57 cents per tea bag, if we assume that a typical tea bag contains 2.5g of tea. Black tea is priced at 35 cents per bag on average.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/finance\/451680\/heres-the-average-take-home-pay-in-south-africa-right-now-4\/\" target=\"_blank\" rel=\"noopener noreferrer\">Here\u2019s the average take-home pay in South Africa right now<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa&#8217;s consumer price index (CPI) rose 3.3% in annual terms in October, driven largely by rising prices for food and non-alcoholic beverages.<\/p>\n","protected":false},"author":10,"featured_media":440625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26],"class_list":["post-451870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/451870","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=451870"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/451870\/revisions"}],"predecessor-version":[{"id":452788,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/451870\/revisions\/452788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/440625"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=451870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=451870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=451870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}