The oil and fat products category, which drove food inflation higher for many months, had recorded its second consecutive month of disinflation. Prices fell by 1% after a 6.1% decrease in September.
Transport inflation was driven by vehicle prices - which climbed to 6.1% from 5.8% in September. This is mainly due to higher used vehicle prices - which are, on average, 14.5% more expensive than they were a year ago, Kelly said.As for household utilities - detergents such as washing powder and dishwashing liquids and health insurance premiums all reflected increases.
Economists expect the Reserve Bank to hike interest rates by 75 basis points at its next meeting on Thursday - given risks around the inflation outlook and a"softer" rand exchange rate, the Bureau for Economic Research said in its weekly overview.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy.
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_Business Retailers are driving inflation and need to be investigated. They alway come out of periods of high inflation with record profits.
_Business
_Business They mustn’t be shy , decreases to 4.5%
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