Statistics South Africa has published its Consumer Price Index (CPI) for November 2021, with inflation increasing to 5.5% from 5% in October.<\/p>\n
This is the eighth consecutive month where the annual increase is higher than the midpoint (4.5%) of the South African Reserve Bank\u2019s monetary policy target range. It is also the biggest annual increase since March 2017 when the rate was 6.1%.<\/p>\n
The transport category continues to be the major factor behind inflation, recording an annual increase of 15% in November<\/strong>. This makes it the only major group in the inflation basket with an annual rate above the 6% upper limit of the South African Reserve Bank\u2019s monetary policy target range.<\/p>\n “Fuel prices increased by 7.1% between October and November, taking the annual rate to 34.5%. The price of inland 95-octane petrol was R19.54 per litre in November 2021 compared with R14.59 in November 2020,” StatsSA said.<\/p>\n “The diesel index increased by 35.1% over the same period. The average price of diesel was R18.75 per litre in November 2021 compared with R13.89 per litre in November 2020.”<\/p>\n The main contributors to the 5.5% annual inflation rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services. Some of the largest annual price increases (November 2020 vs November 2021) were recorded for the following goods and services:<\/p>\n Food inflation slowed in November<\/strong><\/p>\n Prices for food and non-alcoholic beverages recorded an annual increase of 5.5% and a monthly rise of 0.1%. This annual increase is the lowest in nine months \u2013 since February 2021 when the rate was 5.2%, StatsSA said.<\/p>\n Some of the most notable changes in grocery prices include:<\/p>\n\n
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