Big petrol price hike to hit South Africa in February: economist

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South African consumers face little reprieve in the coming months as both fuel and food prices look to creep higher, says Investec chief economist Annabel Bishop.

Looking ahead, food price inflation is expected to climb higher as heavy rains have caused crop damage and delayed planting, Bishop said.

Investec now expects CPI inflation to average closer to 5.3% y/y for 2022, as the December figure established a higher base for the 2022 CPI figures. The latest consumer price index shows that annual headline inflation jumped to 5.9% in December 2021, up from 5.5% in November 2021.

 

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Lebo_mof I think you gonna have to sell your Mercedes poizen. Lol

😂. Bloody swines!

LeboPhat 😭😭😭😭

Economists must shut up man

Hai ngeke👿

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