{"id":578938,"date":"2022-04-20T16:01:04","date_gmt":"2022-04-20T14:01:04","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=578938"},"modified":"2022-04-21T07:39:21","modified_gmt":"2022-04-21T05:39:21","slug":"8-things-that-are-now-more-expensive-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/578938\/8-things-that-are-now-more-expensive-in-south-africa\/","title":{"rendered":"8 things that are now more expensive in South Africa"},"content":{"rendered":"

Statistics South Africa has published its latest consumer price index, showing that annual headline inflation quickened to 5.9% in March from 5.7% in February. This places it just below the upper limit (6%) of the South African Reserve Bank\u2019s (SARB’s) monetary policy target range.<\/p>\n

The biggest culprit was fuel prices which increased by 7.2% between February and March, with inland 95-octane petrol rising by R1.46 per litre to reach a record high of R21.60 per litre.<\/p>\n

Fuel prices have risen by an eye-watering 33.2% in the twelve months to March, with petrol prices climbing by 32.6% and diesel by 35.1%, the statistics body said. The transport index in March was also driven higher by increases in toll fees, air transport and bus fares.<\/p>\n

Some of the largest annual price increases (March 2021 vs March\u00a0 2022) were recorded for the following goods and services:<\/p>\n

    \n
  1. Oils and fats: +19.8%<\/span><\/li>\n
  2. Electricity and other fuels: +14.1%\u00a0<\/span><\/li>\n
  3. Meat: +9%<\/span><\/li>\n
  4. Hotels: +7.8%<\/span><\/li>\n
  5. Wine: +7.7%<\/span><\/li>\n
  6. Beer: +7.7%\u00a0<\/span><\/li>\n
  7. Restaurants: +6.2%\u00a0<\/span><\/li>\n
  8. Bread and cereals: +4.7%\u00a0<\/span><\/li>\n<\/ol>\n

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

    Food and groceries\u00a0<\/strong><\/p>\n

    Food and non-alcoholic beverages inflation was softer in March. The monthly rate slowed from 0.9% in February to 0.6%, and the annual rate from 6.4% to 6.2%.<\/p>\n

    Bread and cereal prices increased at a monthly rate of 1.1% in March after recording a 2.4% jump in February. Other food categories in the CPI basket that registered price increases between February and March include meat; milk, eggs and cheese; fish; and sugar, sweets and desserts.<\/p>\n

    After rising for three months in a row, prices for oils and fats edged lower in March, dipping slightly by 0.1%. Despite a 0.7% decline in the price of sunflower oil, it is 27% more expensive than a year ago.<\/p>\n

    Fruit and vegetable prices also dipped lower. After increasing for five consecutive months, fruit prices dropped by 1.3% between February and March. Vegetable prices edged lower by 0.4%, with decreases recorded for lettuce, mushrooms, dried beans, tomatoes, onions, potatoes and sweet potatoes.<\/p>\n

    Other notable price changes<\/strong><\/p>\n

    The March release of the CPI incorporates adjustments to excise duties and includes the latest data from rentals and education fees.<\/p>\n

    A rise in excise duties came into effect, contributing to a 2.2% monthly jump in alcohol and tobacco prices. The most recent results of the quarterly rental survey recorded a rise of 0.6% in both actual and imputed rentals compared with the previous quarter.<\/p>\n

    Stats SA surveys educational institutions and cr\u00e8ches once a year in March. After dropping to a 30-year low of 4.1% in 2021, annual education inflation edged higher to 4.4% in 2022. Primary and secondary school fees increased by 4.5% and tertiary fees rose by 4.2%.<\/p>\n

    \n

    Read: SARS paid 60 people R1 million salaries to sit at their desks and do nothing: tax boss<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Statistics South Africa has published its latest consumer price index, showing that annual headline inflation quickened to 5.9% in March from 5.7% in February.<\/p>\n","protected":false},"author":10,"featured_media":570622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26,3745,5769],"class_list":["post-578938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline","tag-statistics-south-africa","tag-statssa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/578938","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=578938"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/578938\/revisions"}],"predecessor-version":[{"id":579306,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/578938\/revisions\/579306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/570622"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=578938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=578938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=578938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}