Stats SA confirmed that the annual consumer price inflation was 7,2% in December 2022.
This is down from 7,4% in November 2022. The consumer price index increased by 0,4% month-on-month in December 2022.
The main contributors to the 7,2% annual inflation rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services.
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Food and non-alcoholic beverages increased by 12,4% year-on-year, and contributed 2,1 percentage points to the total CPI annual rate of 7,2%.
Housing and utilities increased by 4,1% year-on-year, and contributed 1,0 percentage point.
Transport increased by 13,9% year-on-year, and contributed 2,0 percentage points.
Miscellaneous goods and services increased by 4,9% year-on-year, and contributed 0,7 of a percentage point.
In December the annual inflation rate for goods was 10,1%, down from 10,4% in November; and for services it was 4,3%, down from 4,5% in November.
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Annual average headline consumer price index for 2022 Average annual consumer price inflation was 6,9% in 2022 (i.e. the average CPI for all urban areas for 2022 compared with that for 2021).
This was 2,4 percentage points higher than the corresponding average of 4,5% in 2021.
*Updates to follow
