21.3 C
Cape Town
Wednesday, January 21, 2026

CPI remains steady at 2.8% in May

Published on

 

 

Annual consumer price inflation remained unchanged at 2.8% in May, the same as April.

 

 

This is in comparison to the 2.7% observed in March.

 

 

Statistics South Africa released the latest reading early on Wednesday, adding that food and non-alcoholic beverages is the biggest contributor to the monthly uptick in the CPI. Other drivers included the housing and utilities sector, and alcoholic beverages and tobacco.

 

 

At the same time, food inflation has ascended to 4.8%, a rise from the 4% observed the previous month.

 

 

The agency’s Patrick Kelly emphasised that meat prices, especially beef, were a primary factor behind the increase in food inflation.

 

 

“Meat and specifically beef, is a key factor behind the rise in food inflation. The annual rate for meat jumped to 4.4% from 3% in April, that month, monthly increases for beef products ranged from 6.2% to 11.9%, in May, this trend continued with notable monthly increases recorded for beef steak up to 4 and a half percent, stewing beef higher by 2.5% and beef mince increasing by 1.7%,” said Kelly.

 

 

READ MORE: Drunk driving and assault cases in Cape Town soar over long weekend

 

Latest articles

World leaders gather in Davos as pushback against Trump mounts

 World leaders are meeting in Davos, Switzerland, this week for the annual World Economic Forum, running from January 19 to 23, against a backdrop...

A year on from his second inauguration, Trump 2.0 has one defining word: power

Bruce Wolpe, University of Sydney As Donald Trump celebrates the anniversary of his second inauguration as president of the United States and begins his sixth...

Blockbuster Sports Weekend Ahead for Cape Town

 Cape Town is set for a blockbuster weekend of sport as rugby and cricket fans descend on the city for a United Rugby Championship...
error: Content is protected !!