South Africa's Cost-of-Living Crunch Persists
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South Africas cost-of-living crisis persists despite inflation cooling, as essential items like food remain expensive. The Competition Commissions report shows headline inflation averaged 3.2% last year and hit 3.6% in December. However, prices for basics surge quickly when costs rise and drop slowly when they ease, causing an uneven inflation pattern. Low-income families bear the brunt, as most of their money goes to essentials. New data reveals that while producer prices for eggs and chicken fell, retail prices barely budged. Transport and loans eased slightly, but the pressure on everyday South Africans remains.
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