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Yesterday, Statistics SA announced that consumer price inflation has reached its highest rate since January 2017 (6.6%). Sunflower oil had the steeped incline at 16,1% in the past month (April - May) and 39% over the past year alone. Inflation has been steadily increasing year on year as the cost of food, transport, NAB and fuel are the biggest contributors. Today, we want to discuss what this reading means for everyday consumers and what are the consequences if the cost of living continues to increase. When will the SA Reserve Bank intervene to cushion the blow for consumers?
Guest: Mervyn Abrahams - Programme Coordinator at Pietermaritzburg Economic Justice and Dignity Group
By SAfmYesterday, Statistics SA announced that consumer price inflation has reached its highest rate since January 2017 (6.6%). Sunflower oil had the steeped incline at 16,1% in the past month (April - May) and 39% over the past year alone. Inflation has been steadily increasing year on year as the cost of food, transport, NAB and fuel are the biggest contributors. Today, we want to discuss what this reading means for everyday consumers and what are the consequences if the cost of living continues to increase. When will the SA Reserve Bank intervene to cushion the blow for consumers?
Guest: Mervyn Abrahams - Programme Coordinator at Pietermaritzburg Economic Justice and Dignity Group