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Rising consumer price inflation is concerning
Cape Argus
|July 29, 2025
CONSUMER Price Inflation (CPI), rose to 3% in June, up from 2.8% in May. This increase is troubling, especially considering that inflation had been below 3% - the lower limit of the South African Reserve Bank’s (SARB) target band - between March and May.
According to Stats SA, the main contributors to the annual inflation rate were housing and utilities, which increased by 4.4%, and food and nonalcoholic beverages, which rose by 5.1%. Additionally, household electricity and gas prices increased by 11% compared to the previous year, prima
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