![\"cpi1\"](\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2022\/09\/cpi1.jpg\")
<\/a><\/p>\nFuel prices decreased by 3,8% between July and August, with petrol falling by 5,0% and diesel by 0,9%. This pushed the annual rate for fuel down to 43,2% from 56,2% in July. The welcome decrease in the cost of fuel had an impact on the overall transport index, which declined by 1,0% between July and August.<\/p>\n
In contrast to fuel, food inflation continued upwards. The food and non-alcoholic beverages (NAB) index increased by 11,3% in the twelve months to August, higher than the reading of 9,7% in July. Annual food and NAB inflation has climbed significantly from the recent low of 6,0% in April this year and has remained above 5,0% since October 2020. Nine of the eleven food and NAB categories recorded an annual inflation rate above 8,0% in August.<\/p>\n
Bread & cereals registered an increase of 3,1% between July and August, pushing the annual rate from 13,7% to 17,8%. Maize meal increased by 4,8% from July, taking the annual rate to 29,1%1<\/sup>. Brown bread registered a monthly rise of 2,2% and cake flour 3,9%.<\/p>\n Annual meat inflation eased slightly from 9,4% in July to 9,2% in August, with a monthly increase of 0,7%. Annual meat inflation has remained above 8,0% since May 2021.<\/p>\n Prices for milk, eggs & cheese increased by 2,1% between July and August. Products with higher than average monthly increases include cheddar cheese (3,1%), low fat milk (2,9%) and full cream milk (2,6%).<\/p>\n Oils & fats hit another annual high \u2013 37,6% in August, up from 36,2% in July. The monthly rate, however, has slowed from its peak of 10,1% in May this year to 1,1% in August.<\/p>\n Hot beverage prices steamed to their highest annual rate in 64 months at 11,8% (compared with 12,1% in April 2017), stirred up by monthly increases in rooibos tea (7,6%) and instant coffee (3,9%).<\/p>\n Household cleaning products (detergents) recorded significant price increases. Washing powder is 26,2% more expensive than a year ago. Laundry soap will set you back an additional 33,9% compared with August last year, and the price of dishwashing liquid has climbed by 13,6% over the same period. Overall, the price index for cleaning and maintenance products increased by 23,4% over the past 12 months.<\/p>\n The charts below list the products that recorded the largest annual and monthly price increases in August.<\/p>\n For more information, download the August 2022 CPI statistical release, time series data and average product prices here.<\/a><\/p>\n 1 <\/sup>Comparing maize meal (in August 2022) with super maize meal (in August 2021).<\/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 consumer inflation dipped to 7,6% in August from 7,8% in July. The monthly increase in the consumer price index (CPI) was 0,2%, the lowest reading since January 2022 when it was also 0,2%. Fuel prices decreased by 3,8% between July and August, with petrol falling by 5,0% and diesel by 0,9%. This pushed the read more »<\/a><\/p>\n<\/a><\/p>\n