https://newsletter.en.creamermedia.com
Africa|Services
Africa|Services
africa|services

Paying for indulgences

28th February 2025

     

Font size: - +

South Africa’s inflation rate is easing, with 2024 recording an average inflation of 4.4%, down from 2023’s average of 6%, according to Statistics SA.

However, inflation measures the change in the cost of goods, not their actual cost. Prices always rise over time, but when inflation cools, price hikes slow down.

Stats SA data show that in the past five years the price of bread has increased by 41%, milk by 29%, cooking oil by 62%, peanut butter by 54% and sugar by 56%.

Indulgent treats have also seen steep increases. The price of Ceylon tea nearly doubled between December 2019 and December 2024. And a global shortage of cocoa beans has driven up the price of chocolate (+66.7%) and instant coffee (+92%).

To calculate the Consumer Price Index, Stats SA uses the cost of services and goods, including food items and non-alcoholic beverages bought by the average household each month.

— 8 February, 2025  

Edited by Creamer Media Reporter

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Metals and engineering industry taking strain
Metals and engineering industry taking strain
28th February 2025 By: Creamer Media Reporter
Magazine round up | 28 February 2025
Magazine round up | 28 February 2025
28th February 2025

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.056 0.142s - 152pq - 2rq
Subscribe Now