South Africa’s annualised consumer inflation eased to 3.6% in for November compared to 3.7% the previous month, APA learnt on Thursday.
According to Statistician-General Risenga Maluleke, this was the third successive month that prices of consumer goods have slowed down.
In a report released by Statistics South Africa, Maluleke said “November’s reading is the lowest since December 2010 when the rate was 3.5%”.
“In layman’s terms, this means that if you are a wine drinker, you would have paid 8.7% more for a bottle (of wine) in November than you would have in the same month last year,” he said.
However, he noted that “beer prices have risen by 2.8% over the same period.”
“And so have housing and utilities; miscellaneous goods and services; and food and non-alcoholic beverages, which were the biggest contributors to the 3.6% increase in November,” Maluleke said.
NM/jn/APA