Slight downward trend in consumer price inflation in November

Stats SA revealed on Wednesday morning that annual consumer price inflation (CPI) fell slightly, from 7.6% in October to 7.4% in November.

It was 7.5% in September.


According to the latest findings, food and non-alcoholic beverages increased by 12.5% ​​year-on-year and contributed 2.1 percentage points to the total CPI annual rate of 7.4%.

Housing and public services also increased by 4.3% year-on-year and contributed 1.1 percentage points.

In October, housing and public services increased by 4.3% year-on-year.

ALSO READ: Inflation falls while CPI rises in September 2022

Transport increased by 15.3% year-on-year and contributed 2.2 percentage points.

Statisticians also reported that miscellaneous goods and services rose 4.8% year-on-year and contributed 0.7 percentage points.

In November, the annual goods inflation rate was 10.4%, down from 10.5% in October.

As for services, it was 4.5%, down from 4.6% in October.

In October, the year-on-year inflation rate for goods was 10.5%, down from 10.7% in September, while for services it was 4.6%, from 4.3% of September

ALSO READ: South Africans feel the pain as inflation hits 13-year high

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