![\"cpi1\"](\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2020\/09\/cpi1.jpg\")
<\/a><\/p>\nThe monthly increase in prices was 0,2%. This is slightly lower than the average monthly change of 0,3% over the past year and lower than the 3-month average of 0,4%.<\/p>\n
Transport was the most significant contributor to the 0,2% monthly increase in August, following a 1,0% rise in fuel prices.<\/p>\n
Annual food and non-alcoholic beverages inflation hit a seven-month low in August, at 3,9%. This is down from 4,3% in July.<\/p>\n
Bread and cereal inflation remains at relatively low levels, recording an annual increase of 2,8% in August. The rate has remained at approximately this level since May, and is significantly lower than the 8,6% recorded in August last year.<\/p>\n
Maize prices dropped by 1,2% in the month and have declined by 8,7% over the past year. However, prices for white bread and rice increased between July and August, up by 0,4% and 3,4% respectively.<\/p>\n
Meat was 0,4% cheaper in August compared with July, dragged lower by softer beef and chicken prices.<\/p>\n
Annual milk, cheese and eggs inflation was 5,4%. This is lower than the recent high of 7,1% recorded in May. Oils and fats inflation registered an annual rise of 7,6%, down from July\u2019s reading of 9,0%.<\/p>\n
Prices for hot beverages, such as tea and coffee, decreased by 1,2% between July and August. Prices were 2,2% higher in August than they were a year ago.<\/p>\n
Big monthly increases in whiskey and wine prices pushed annual inflation for alcoholic beverages to a lockdown high of 2,9%.<\/p>\n
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For more information, download the latest Consumer Price Index (CPI) release here.<\/a><\/p>\n Similar articles are available on the Stats SA website and can be accessed here<\/a>.<\/p>\n For a monthly overview of economic indicators and infographics, catch the latest edition of the Stats Biz newsletter here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Annual CPI inflation pulled back slightly in August, easing to 3,1% from 3,2% in July. The monthly increase in prices was 0,2%. This is slightly lower than the average monthly change of 0,3% over the past year and lower than the 3-month average of 0,4%. Transport was the most significant contributor to the 0,2% monthly read more »<\/a><\/p>\n