Inflation cools slightly to 7.2%, but food prices remain red hot | Business

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Annual consumer price inflation cooled to 7.2% in December, down from 7.4% in November and 7.6% in October, Statistics SA reported on Wednesday. | News24_Business

Annual consumer price inflation cooled to 7.2% in December, down from 7.4% in November and 7.6% in October, Statistics SA reported on Wednesday.Prices of food and non-alcoholic beverages rocketed by 12.4% year-on-year, only slightly down from 12.5% in November.

Transport costs were almost 14% higher in December 2022 compared to a year ago, even after sizeable cuts in the price of diesel at the start of the month. Following further declines at the start of January, the petrol price is back to levels last seen before the invasion of Ukraine triggered an oil price surge.

 

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_Business In lamens terms in October : stomachs were growling , November: Stomach were still growling nge tenor . December people didn't buy as much choice assorted ... Christmas enjani leyo ?

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