South Africans waking up to higher prices: index

The pricing pressure on South African households is not letting up, with the price of food items in the country remaining stubbornly high despite headline inflation dropping slightly in December.

The South African Breakfast Index is an index tracking the month-to-month prices of ingredients used to make breakfast in the country. The basket of items needed to make breakfast now totals R401.07 in December 2022, up 11.5% from R359.56 in December 2021. The prices used in the South African index come from Consumer Price Inflation numbers tracked by Statistics South Africa. The reason breakfast is chosen is that it is a common meal that many households in the country would make and is reflective of the real impact of price inflation on daily life.

As has been the case for much of 2022, CPI is being driven by rising food prices and still-high fuel prices, with the former only decreasing slightly to 12.4% from 13.0% in November.

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