Another inflation shocker: CPI remains red hot as food price hikes hit 14% | Business

News24 Business front pageContrary to forecasts, annual consumer price inflation is still heading higher – reaching 7.1% in March, up from 7.0% in February. Economists expected CPI to cool to below 7% in March.

But inflation has started cooling in the categories for bread and cereals , meat as well as oils and fats .Prices for personal care items increased by 11.1%, the highest rate since 2009. Primary and pre-primary school fees were up 6.3%, while fees for secondary school rose 5.8% and by 5.3% at tertiary institutions. Textbook prices jumped 11.3%, the largest annual increase since 2009.

_Business Powder Keg for SA, given the huge amount of people 20m + just surviving. If SA was actually a functioning state, we are not, the Govt would have the capacity to investigate the gouging that goes on, where the prices are put up 25% by retailers to test the elasticity of demand.

_Business Meanwhile sassa pensioners get R10 increase

_Business When last did these economists go food shopping? Every week I buy less and pay more, and I am comfortably middle-class...

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