![\"cpi1\"](\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2020\/10\/cpi1.jpg\")
<\/a><\/p>\nThe alcoholic beverages and tobacco division was the main reason for the monthly rise, contributing 0,1 of a percentage point to the rate of 0,2%. Cigarette prices increased sharply by 3,0% month-on-month, pushing the annual rate for tobacco to 6,8%.<\/p>\n
Prices for food and non-alcoholic beverages increased by 0,3% month-on-month and by 3,9% on an annual basis. The annual rate was unchanged from the previous month and identical to the annual rate recorded in September 2019.<\/p>\n
Steady food inflation is underpinned by stable rates for important products such as bread and meat. Annual bread and cereals inflation was 2,7% in September 2020. The rate has remained in the 2,7%\u20122,8% range since May 2020. The annual rate for meat was 4,4% in September 2020. This is below the average of 4,7% recorded for meat in 2020 so far.<\/p>\n
Hot beverage prices jumped sharply between August and September, rising by 2,3%. Large monthly price increases were recorded for instant coffee (up 1,6%), black tea (up 3,4%), Rooibos tea (up 1,1%) and coffee beans\/ground coffee (up 3,5%). Hot beverages are on average 4,3% more expensive than they were a year ago.<\/p>\n
The September CPI includes results of the most recent housing rents survey, which is conducted quarterly. Combined, imputed and actual rentals contribute 16,8% of the weights in the CPI basket.<\/p>\n
The annual rate for rentals has been steadily declining since September 2017 when it was 5,7%. This quarter\u2019s annual change (for both actual and imputed rents) is 1,4%. This is the lowest reading since 2008 when Stats SA began its rental survey.<\/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":" South Africa\u2019s annual inflation rate was 3,0% in September, lower than the rates recorded in July (3,2%) and August (3,1%). The change in the consumer price index between August 2020 and September 2020 was 0,2%, identical to the reading in the previous month. The alcoholic beverages and tobacco division was the main reason for the read more »<\/a><\/p>\n