Which six things are more expensive in SA at the start of 2022?
Most of these are basic needs in our daily lives...
The annual headline inflation jumped to 5.9% in December 2021 from 5.5% in November 2021. This is according to Statistics South Africa.
It is shared that this is the highest annual increase since March 2017 when the rate was 6.1%.
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So what does this mean for your pocket?
It will be a little more costly than usual spending on some items that you may use in your everyday life.
Here are those six things that are more expensive right now:
- Fuel: +40.5%
We use fuel daily and it has been one of the things that digs really deep into our pockets.
- Oils and fats: +20.8%
The majority of the food that we cook need a little bit of cooking oil - gravy, eggs sometimes, meat etc. You will have to just hold on a little tighter and hope that it doesn't knock you off your budget.
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- Meat: +8.6%
If you're vegan or vegetarian, at least you do not have this to worry about on your budget. It does not come as a surprise that meat is on this list as it already one of the most expensive foods in the market.
- Wine: +7.8%
Now here is something that you may be able to avoid for the first bit of the year. Can anyone die from a lack of wine? If you feel you may not survive, then we are happy to have alerted you that it costs a little more for now.
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- Electricity and other fuels: +14%
Your electricity bill might look higher than usual, blame the inflation. Use it sparingly during this time to avoid unprepared payments at the moment.
- Milk, eggs and cheese: +5.3%
Again, vegans will have a bit of grace from not consuming these items. But plenty of other South Africans have this in their fridges for basic food and the increase in price will affect them.
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One of the main things affecting this increase is the transporting of these items to varying provinces.
“Fuel prices jumped by 40.5% in December 2021 compared with December 2020, with the price of inland 95-octane petrol rising to R20.29 per litre. This is the first time that the price has broken through the R20 per litre mark," StatsSA shared.
So keep a mental note or even a physical one for your next grocery run.
You can thank us later!
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