The headline inflation rate was steady at 5,9% in October 2014.\u00a0 A 2,6% monthly increase in the price of beer was the main driver of the 0,2% change in the headline CPI between\u00a0September and October.\u00a0 For the first time, consumers now pay\u00a0an average of R50 for\u00a0a\u00a0six pack of 340ml cans of locally made beer. Wine and spirits\u00a0also showed notable monthly increases leading the alcoholic beverages index to annual inflation of 6,3% compared to 5,3% in September.<\/p>\n
Food inflation hit a\u00a0seven month low in September at 8%. Six of the nine food indices showed price decreases, with the meat, fruit and\u00a0‘other food’ indices\u00a0showing monthly increases of\u00a00,9%, 1,9% and 1,5% respectively. Chicken prices increased by 1,5% between September and October resulting in a 10,4% annual increase.\u00a0 Powdered soup increased by 6,6% over the month and 9,2% over the past year.<\/p>\n
Hotel prices increased strongly in October, as they have in the preceding two months\u00a0\u2014 a\u00a0cumulative 4,7% increase. Annual inflation for hotels is 9,3%, higher than the 9,0% recorded this time last year.<\/p>\n
Download full publication here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The headline inflation rate was steady at 5,9% in October 2014.\u00a0 A 2,6% monthly increase in the price of beer was the main driver of the 0,2% change in the headline CPI between\u00a0September and October.\u00a0 For the first time, consumers now pay\u00a0an average of R50 for\u00a0a\u00a0six pack of 340ml cans of locally made beer. Wine read more »<\/a><\/p>\n