21-05-2025
Inflation increases slightly to 2.8% in April
CAPE TOWN - Consumer inflation for April has increased to 2.8%, slightly up from the 2.7% seen in March.
Consumer Price Index (CPI) measures the change in prices for a range of consumer products in a basket of goods.
Statistics SA released the latest inflation reading on Wednesday.
It comes on the back of a mixed outlook, with economists divided on what to expect.
READ: Inflation eases for first time in five months
Inflation for food and non-alcoholic beverages rose to 4%, the highest annual rate since September 2024.
"The rise in food & NAB (inflation for food & non-alcoholic beverages) inflation was mainly due to higher meat prices, particularly for beef products such as stewing beef, mince and steak. Meat prices increased by 2,3% on average between March and April, the highest monthly rise since January 2023 when it rose by 2,5%," said Chief Director for Price Statistics at Stats SA, Patrick Kelly.
