Food, housing, utilities and transport were the main contributors.“Food and alcoholic beverages have also continued to accelerate, now sitting at 6% on a year-on-year basis and the monthly pressure is at 0.7%.
Net inflation has contributed, we also see oils and fats to be heavily related to what we are seeing internationally, given that Russia is one of the big suppliers of our palm oil and so we see that pressure coming through there as well and it’s unfortunate that going forward we continue to see inflationary pressures and you would know that current under-recovery petrol prices are under-recovery and that only adds and all of that together means June is going to be a steep month.
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