ANNUAL consumer price inflation (CPI) reached 7.8% in July 2022, Statistics South Africa (Stats SA) said on Wednesday.
This was a 1.5% increase from the 7.4% recorded in June 2022.
The agency said the main contributors to the 7.8% annual inflation rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services.
“Food and non-alcoholic beverages increased by 9.7% year-on-year, and contributed 1.7 percentage points to the total CPI annual rate of 7.8%.
“Housing and utilities increased by 4.0% year-on-year, and contributed 1.0 percentage point. Transport increased by 25.0% year-on-year, and contributed 3.4 percentage points. Miscellaneous goods and services increased by 3.6% year-on-year, and contributed 0.5 of a percentage point,” said Stats SA.
In July, the annual inflation rate for goods was 11.5%, up from 11.0% in June; and for services, it was 4.2%, up from 3.9% in June.
On the collection of price data from
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