SA's annual consumer inflation accelerates to 4.5 percent in April
South Africa's consumer price inflation bounced up 4.5 percent year-on-year in April from a multi-year low of 3.8 percent in March, the statistics agency said on Wednesday.
The consumer price index increased by 0.8 percent on a month-on-month basis in April, Statistics South Africa said.
"The big story this month is about tax increases," said Patrick Kelly, the chief director for price statistics at Stats SA.
"Much of the increase we found this month was in product groups which attract excise taxes such as alcohol, tobacco and fuel."
A one percentage point increase in value added tax also came into effect in April, Kelly noted.
"We’re not entirely sure what the precise impact of this is on this month’s increase but it would certainly have contributed to the upward movement," he said, adding that a new health promotion levy in the form of a sugar tax also had an impact.
Stats SA said the contribution of food and non-alcoholic beverages to headline annual consumer price inflation increased from 0.6 percentage points in March to 0.7 percentage point in April, while alcoholic beverages and tobacco increased from 0.3 to 0.4 percentage points.
Transport's contribution rose from 0.4 percentage points in March to 0.7 percentage points in April, and recreation and culture increased from zero in March to 0.1 percentage points the following month.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
VISIT SHOWROOM
For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
