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Yesterday Statistics South Africa announced December's consumer price inflation rate and also the figures for 2022. The inflation rate decreased from 7.4% in November to 7.2% in December. The big drivers were once again increases in food prices and transport costs. The annual average inflation rate for 2022 was 6.9%.
By Waldo KrugellYesterday Statistics South Africa announced December's consumer price inflation rate and also the figures for 2022. The inflation rate decreased from 7.4% in November to 7.2% in December. The big drivers were once again increases in food prices and transport costs. The annual average inflation rate for 2022 was 6.9%.

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