{"id":12436,"date":"2019-08-21T10:13:56","date_gmt":"2019-08-21T08:13:56","guid":{"rendered":"http:\/\/www.statssa.gov.za\/?p=12436"},"modified":"2019-08-21T10:13:56","modified_gmt":"2019-08-21T08:13:56","slug":"inflation-dips-lower-in-july-2","status":"publish","type":"post","link":"https:\/\/www.statssa.gov.za\/?p=12436","title":{"rendered":"Inflation dips lower in July"},"content":{"rendered":"<p>Annual consumer price inflation retreated to 4,0% in July from 4,5% in June. This is the lowest CPI headline rate since January, when it was also 4,0%. A fall in fuel prices and a rise in municipal tariffs were the key price movers during the month.<\/p>\n<p><a href=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2019\/08\/img.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-12430\" src=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2019\/08\/img-300x202.jpg\" alt=\"img\" width=\"300\" height=\"202\" srcset=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2019\/08\/img-300x202.jpg 300w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2019\/08\/img-768x516.jpg 768w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2019\/08\/img-1024x688.jpg 1024w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2019\/08\/img-100x67.jpg 100w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2019\/08\/img.jpg 1606w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Fuel prices edged lower in July, bringing some relief to motorists. This dragged annual transport inflation down to 3,0% from 5,5% recorded in June, which mainly explains the drop to 4,0% in the CPI headline rate. The price per litre of inland 95-octane petrol was R15,81 in July 2019. In July 2018, motorists were paying R16,02 per litre.<sup>1<\/sup> The fuel price index dropped by 5,1% month-on-month, and fuel prices overall were 0,5% lower than they were a year ago.<\/p>\n<p>Most municipalities increase their tariffs annually with effect from July. Household utility payments, which include municipal rates, electricity and water bills, contribute 6,9% of total household spending in South Africa\u2019s CPI. Electricity tariffs increased by 10,5% in July 2019, higher than last year\u2019s increase of 6,8%. Water tariffs rose by 10,3%, slightly lower than the 11,8% rise recorded in 2018. Municipal rates were up by 6,3%, lower than 2018\u2019s 14,8%.<\/p>\n<p>Annual food and non-alcoholic beverage inflation was 3,4% in July, down from June\u2019s 3,7%.\u00a0 Prices for bread and cereal products continued to climb, registering an annual rise of 7,9%. This was slightly higher than June\u2019s 7,3%. Meat prices increased by 0,2% annually compared with 0,3% recorded in June.<\/p>\n<p>For more information, download the <em>Consumer Price Index (CPI)<\/em> release for July 2019 <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P0141&amp;SCH=7482\">here.<\/a><\/p>\n<p><sup>1<\/sup> Department of Energy, Comparing prices for petrol, diesel and illuminating paraffin (IP) (click <a href=\"http:\/\/www.energy.gov.za\/files\/esources\/petroleum\/petroleum_arch.html\">here<\/a>).<\/p>\n<p>Similar articles are available on the Stats SA website and can be accessed <a href=\"https:\/\/www.statssa.gov.za\/?page_id=624\">here<\/a>.<\/p>\n<p>For a monthly overview of economic indicators and infographics, catch the latest edition of the <em>Stats Biz<\/em> newsletter <a href=\"https:\/\/www.statssa.gov.za\/?page_id=6048\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Annual consumer price inflation retreated to 4,0% in July from 4,5% in June. This is the lowest CPI headline rate since January, when it was also 4,0%. A fall in fuel prices and a rise in municipal tariffs were the key price movers during the month. Fuel prices edged lower in July, bringing some relief&nbsp; &nbsp;<a href=\"https:\/\/www.statssa.gov.za\/?p=12436\" class=\"btn btn-mini btn-info pull-right\" style=\"margin:10px 30px;\">read more &raquo;<\/a><\/p>\n<div class=\"clear\"><\/div>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,6,33],"tags":[],"class_list":["post-12436","post","type-post","status-publish","format-standard","hentry","category-economic-growth","category-economy-data-stories","category-inflation"],"_links":{"self":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/12436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12436"}],"version-history":[{"count":1,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/12436\/revisions"}],"predecessor-version":[{"id":12438,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/12436\/revisions\/12438"}],"wp:attachment":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}