STATISTICS South Africa has published its Consumer Price Index (CPI) for September 2021, with inflation increasing slightly to 5% from 4.9% in August.
This is the fifth consecutive month where the annual increase is higher than the midpoint (4.5%) of the South African Reserve Bank’s monetary policy target range.
Fuel was a significant contributor to annual transport inflation in September. On average, fuel prices have increased by 19.9% over the last year, Stats SA said.
“The price of inland 95-octane petrol reached an all-time high of R18.34 per litre in September 2021, biting into the pockets of motorists who were paying R15.18 per litre in September 2020 and R16.03 per litre in September 2019,” the statistics body said.
“Drivers of diesel-powered vehicles have also had to fork out more. The average diesel price was R17.18 per litre in September 2021, higher than the prices recorded in September 2020 (R14.87) and
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
