![\"cpia\"](\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2021\/11\/cpia.jpg\")
<\/a><\/p>\nAnnual food inflation slows for a second consecutive month<\/strong><\/p>\n Annual food and NAB inflation was 6,1% in October 2021, lower than the rates recorded in September (6,6%) and August (6,9%). On a monthly basis, food and NAB prices increased by 0,9%. This is the biggest monthly rise since April this year but lower than the recent peak recorded in October 2020 (1,4%).<\/p>\n Bread & cereals inflation slowed over the year after reaching a 12-month high of 5,1% in January, decreasing to 3,0% in October. Spaghetti and macaroni are notable products in this category that were cheaper in October than they were in January.1<\/sup><\/p>\n On a monthly basis, white and brown bread registered price increases. A loaf of brown bread, for example, was on average 36c more expensive in October compared with September, increasing to R13,59 from R13,23. Special and super maize meal prices edged lower.<\/p>\n Annual meat inflation hit a three-month low of 9,1% in October. Of all the meat products in the inflation basket, polony recorded the highest annual rate (16,1%). IQF (frozen) chicken pieces were up 13,0% over the same period.<\/p>\n Oils & fats recorded an annual rate of 20,9%, representing the sixth consecutive month with the rate above (or at) 20,0%. The monthly rise was 1,7%, the highest since May 2021 (5,2%). The products that recorded the biggest increases were margarine spread (in a tub), brick margarine and peanut butter.<\/p>\n Vegetable price changes are typically volatile as they are heavily influenced by seasonal patterns and weather conditions. Vegetable prices increased by 7,2% in the 12 months to October 2021, with potatoes the most significant contributor to this rise (increasing by 19,1%).<\/p>\n Fuel and vehicle prices push transport inflation higher<\/strong><\/p>\n The transport index jumped by 10,9% in October 2021 compared with October 2020. This rise was mainly the result of high fuel prices that registered an increase of 23,1%. Rising vehicle prices also contributed to transport inflation, climbing by 5,1% over the same period, and by 1,0% compared with September 2021. By comparison, the average annual increase for vehicle prices was 3,0% in the period 2009 to 2019.<\/p>\n For more information, download the September 2021 Consumer Price Index (CPI) release here.<\/a><\/p>\n 1<\/sup> In some cases the product descriptions in the CPI release are a form of shorthand for their more detailed components, e.g. \u2018Bread and cereals\u2019 includes pasta.<\/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":" The annual change in the consumer price index (CPI) in October 2021 was 5,0%, unchanged from the 5,0% recorded in September. The monthly rate also held steady, remaining at 0,2%. Food and non-alcoholic beverages (NAB) and transport were the most significant contributors to both the annual and monthly rates. Annual food inflation slows for a read more »<\/a><\/p>\n<\/a><\/p>\n