{"id":500439,"date":"2021-06-23T17:00:00","date_gmt":"2021-06-23T15:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=500439"},"modified":"2021-06-23T12:59:57","modified_gmt":"2021-06-23T10:59:57","slug":"20-things-that-have-become-more-expensive-in-south-africa-in-2021","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/500439\/20-things-that-have-become-more-expensive-in-south-africa-in-2021\/","title":{"rendered":"20 things that have become more expensive in South Africa in 2021"},"content":{"rendered":"<p>Statistics South Africa has published its latest consumer price index, showing that annual headline inflation has climbed above the 4.5% midpoint of the South African Reserve Bank\u2019s monetary policy target range, accelerating to 5.2% in May from 4.4% in April.<\/p>\n<p>This is the highest reading since November 2018 when the rate was also 5.2%, the statistics body said on Wednesday (23 June).<\/p>\n<p>&#8220;The 5.2% annual change in May comes off a low base recorded in May 2020, when fuel prices were low.<\/p>\n<p>&#8220;Core inflation &#8211; this is CPI excluding food &amp; non-alcoholic beverages, fuel and energy &#8211;\u00a0 was 3.1% in May 2021, much lower than the headline rate.<\/p>\n<p>&#8220;This hints at the notable impact that fuel and food inflation has had on overall headline inflation levels.&#8221;<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/Inflation.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-500461 size-large\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/Inflation-1024x688.jpg\" alt=\"\" width=\"840\" height=\"564\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/Inflation-1024x688.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/Inflation-300x202.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/Inflation-768x516.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/Inflation.jpg 1190w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><\/a><\/p>\n<p>Some of the largest annual price increases (May 2020 vs May 2021) were recorded for the following goods and services:<\/p>\n<ul>\n<li>Sunflower oil: +30.3%<\/li>\n<li>Tomatoes: +29.4%<\/li>\n<li>Dried beans : +27%<\/li>\n<li>Salad dressing: +18.4%<\/li>\n<li>Beef offal: 17.6%<\/li>\n<li>Sweet potatoes : +16.9&amp;<\/li>\n<li>Chocolate bars: +16.5%<\/li>\n<li>Stewing beef: +15.4%<\/li>\n<li>Mixed vegetables (tinned): +14.9%<\/li>\n<li>Hot cereals (porridge): +14.8%<\/li>\n<li>Flavoured milk: +14%<\/li>\n<li>Whiteners: +13.4%<\/li>\n<li>White wine: +13.2%<\/li>\n<li>Fruit juice: +12.8%<\/li>\n<li>Beetroot: +12.6%<\/li>\n<li>Instant yeast: +12.6%<\/li>\n<li>Soup powder: +12.4%<\/li>\n<li>Powdered milk: +12.3%<\/li>\n<li>Whole chicken: +12.2%<\/li>\n<li>White sugar: +11.5%<\/li>\n<\/ul>\n<p>The data shows that annual food &amp; non-alcoholic beverages inflation accelerated to 6.7% in May from 6.3% in April.<\/p>\n<p>Annual meat inflation has stubbornly remained above 6,0% since October 2020, climbing to 8.5% in May. Prices for fish products increased at a brisk 7%, slightly lower than April\u2019s 8.1%.<\/p>\n<p>Cooking (sunflower) oil prices continue to surge, increasing by 30.3% from May 2020 and by 8,5% from April 2021.<\/p>\n<p>The average price of a 750ml bottle of sunflower oil, for example, was R20,99 a year ago, rising to R29,39 in May.<\/p>\n<p>Higher cooking oil prices have driven inflation in the broader oils and fats category, which recorded an annual rate of 20% in May, up from 16.7% in April.<\/p>\n<p><strong>Fuel another big culprit<\/strong><\/p>\n<p>Despite a small monthly drop in the fuel price in May, the annual increase quickened to 37.4% from 21.4% in April.<\/p>\n<p>Petrol prices were 41.8% higher in May compared with the same month the previous year, while diesel was 27% more expensive.<\/p>\n<p>Vehicle prices climbed by 6.5% in the year to May. Other running costs for vehicles rose by 8.9% on an annual basis and by 0,8% from April 2021 to May 2021.<\/p>\n<p>Most notably, tyre prices increased on average by 3.3% from April 2021.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/finance\/500045\/caution-over-retirement-fund-changes-for-south-africa\/\" target=\"_blank\" rel=\"noopener\">Caution over retirement fund changes for South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statistics South Africa has published its latest consumer price index, showing that annual headline inflation has climbed above the 4.5% midpoint of the South African Reserve Bank\u2019s monetary policy target range, accelerating to 5.2% in May from 4.4% in April.<\/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":[26,1809],"class_list":["post-500439","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\/500439","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=500439"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/500439\/revisions"}],"predecessor-version":[{"id":500489,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/500439\/revisions\/500489"}],"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=500439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=500439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=500439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}