Inflation

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The recent increase in interest rates to a 14-year high will impact our pockets in many ways, from home loans and credit card debt to savings and investments.


Inflation is once again on the rise, despite hope that it might decrease and relieve some pressure on the wallets of South Africans, who are left frustrated with the unaffordable cost of living.


Consumers around the country are feeling the pinch in their wallets as consumer inflation accelerated to a 13 year record high. This results in consumers needing to spend more on the same products which they may not be able to afford.


The Consumer Price Index (CPI) is a monthly measurement where the price of a range of consumer products are measured. The difference in the price of a good is its inflation.

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