Zuko Komisa

South Africa’s consumer inflation saw a modest increase in April, climbing to 2.8% year-on-year from 2.7% in March, according to data released by Statistics South Africa (Stats SA) on Wednesday.
This slight rise was primarily driven by higher costs in housing and utilities, as well as alcoholic beverages and tobacco.
Despite the annual rise, monthly consumer inflation actually slowed down, easing to 0.3% in April from 0.4% in March.
Key contributors to the annual inflation rate for April included alcoholic beverages and tobacco (4.7%), housing and utilities (4.4%), food and non-alcoholic beverages (4%), and restaurants and accommodation services (3%).
Stats SA also noted a shift in goods versus services inflation: year-on-year inflation for goods softened to 1.7% from 2% previously, while services inflation rose to 3.8% from 3.5% in March.
#ZAInflation || Annual consumer price inflation was 2,8% in April, up from 2,7% in March.
— Statistics South Africa (Stats SA) (@StatsSA) May 21, 2025
Listen here for more: https://t.co/WSvB6igwaR #StatsSA #ZACPI #GovZAupdates pic.twitter.com/VhhuyTyNLa
This data comes just before Finance Minister Enoch Godongwana is expected to present a third version of the 2025 budget, following two prior attempts that faced significant opposition, notably over a proposed VAT increase.
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