{"id":15385,"date":"2022-05-18T10:00:41","date_gmt":"2022-05-18T08:00:41","guid":{"rendered":"https:\/\/www.statssa.gov.za\/?p=15385"},"modified":"2022-05-18T10:00:41","modified_gmt":"2022-05-18T08:00:41","slug":"annual-consumer-inflation-holds-steady-in-april","status":"publish","type":"post","link":"https:\/\/www.statssa.gov.za\/?p=15385","title":{"rendered":"Annual consumer inflation holds steady in April"},"content":{"rendered":"<p>The annual change in the consumer price index (CPI) was 5,9% in April, unchanged from 5,9% in March. The monthly rate decreased to 0,6% from 1,0%.<\/p>\n<p>This is the third time in five months that the annual rate was 5,9%, testing the 6% upper limit of the South African Reserve Bank\u2019s monetary policy target range. The last time that headline inflation was above the target range was five years ago, when the rate was 6,1% in March 2017.<\/p>\n<p><a href=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi2022.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-15386\" src=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi2022-300x202.jpg\" alt=\"cpi2022\" width=\"300\" height=\"202\" srcset=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi2022-300x202.jpg 300w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi2022-768x516.jpg 768w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi2022-1024x689.jpg 1024w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi2022-100x67.jpg 100w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi2022.jpg 1212w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Fuel prices continued to cause pain in April 2022, increasing by 2,2% between March and April to reach new record highs. Fuel is 29,2% more expensive than a year ago, with inland 95-octane petrol increasing from R17,32 per litre in April 2021 to R21,96 in April 2022.<sup>1<\/sup> The average price for diesel increased from R16,46 to R21,91 per litre over the same period.<\/p>\n<p>Other running costs, which includes car services and spare parts, recorded a rise of 2,1% between March and April. Increases were recorded for car services (up 6,4%), car batteries (up 2,3%) and tyres (up 1,2%).<\/p>\n<p>Annual food and non-alcoholic beverages inflation softened, edging lower to 6,0% from 6,2% in March. The monthly rate quickened to 0,7% from 0,6%, with notable increases for oils and fats (up 5,4%), hot beverages (up 1,3%) and meat (up 1,0%). The average price of sunflower oil (750\u00a0ml) increased from R31,24 in March to R34,89 in April.<\/p>\n<p>Your coffee just became that much more expensive too. Significant monthly increases were recorded for ground coffee (up 2,4%) and instant coffee (up 2,1%) in April, with cappuccino sachets recording a rise of 1,0%. Black tea prices increased on average by 0,6%, but Rooibos tea declined slightly by 0,2%.<\/p>\n<p>In terms of meat, there were notable increases for stewing beef (up 2,8%), mince (up 2,2%) and individually quick frozen (IQF) chicken portions (up 1,4%).<\/p>\n<p><a href=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi20.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-15387\" src=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi20-300x230.jpg\" alt=\"cpi20\" width=\"300\" height=\"230\" srcset=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi20-300x230.jpg 300w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi20-768x589.jpg 768w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi20-1024x785.jpg 1024w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi20-100x77.jpg 100w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/05\/cpi20.jpg 1158w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>For more information, download the April 2022 CPI statistical release <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P0141&amp;SCH=73033\">here.<\/a><\/p>\n<p><sup>1 <\/sup>Department of Mineral Resources and 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=\"http:\/\/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 Stats Biz newsletter <a href=\"http:\/\/www.statssa.gov.za\/?page_id=6048\">here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The annual change in the consumer price index (CPI) was 5,9% in April, unchanged from 5,9% in March. The monthly rate decreased to 0,6% from 1,0%. This is the third time in five months that the annual rate was 5,9%, testing the 6% upper limit of the South African Reserve Bank\u2019s monetary policy target range.&nbsp; &nbsp;<a href=\"https:\/\/www.statssa.gov.za\/?p=15385\" 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-15385","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\/15385","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=15385"}],"version-history":[{"count":2,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/15385\/revisions"}],"predecessor-version":[{"id":15391,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/15385\/revisions\/15391"}],"wp:attachment":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}