By Zuko Komisa
According to Stats SA, the annual consumer inflation rose to 7.4 percent in June from 6.5 percent in May.
The inflation rate for June is the highest since May 2009 (8.0%), when the global financial crisis began.
Between May and June, consumer prices rose by 1.1 percent as a result of much more expensive fuel.
The largest increase in fuel prices ever was in June, when the price rose 45.3% over the previous year.
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South African consumer #inflation reached a 13-year high in June, registering at 7,4%. This was up from 6,5% in May.
— Stats SA (@StatsSA) July 20, 2022
Read more here: https://t.co/PuzppoArpS#CPI #StatsSA pic.twitter.com/cIKszzNkAK
According to Stats SA, the cost of meat climbed by 9.5 percent in the year to June, with polony being 19 percent more expensive.
In June, prices for food and non-alcoholic drinks increased by 8.6% compared to the previous year.
This rate, according to Stats SA, is the highest since South Africa’s severe drought began in March 2017.
Products made of bread and grain cost 11.2 percent more than they did a year prior.
The cost of maize meal increased by 5.2 percent in a single month, while the cost of brown bread and macaroni also skyrocketed.
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