Here is another chart indicating South African inflation data over the last 1 year:
The Consumer Price Index (CPI) increased by 1.1% between May and June. The annual rate rose during 2021, and continued its upward trajectory in the first half of 2022. Many countries around the globe have experienced rising inflation in recent months, making it a hot topic for debate particularly in the area of monetary policy.
Prices of food and non-alcoholic beverages (NAB) increased by 8.6% year-on-year in June 2022. This is the highest annual rate for food and NAB since March 2017 when the country was recovering from severe drought.
The main foods contributing to high food inflation in June 2022 were:
Bread and cereals
Oils and fats
Transport goods and services recorded an average annual price increase of 20.0% and a monthly rise of 4.2%.