According to Statistics SA, the consumer price inflation was 7.6% in August, down from 7.8% in July 2022. Food and non-alcoholic beverages (NOB) are among the main contributors to the annual inflation rate of 7.6%. The prices of food and NOB have increased by 11.3% year-on-year and contributed 1.9 percentage points to the total consumer price index (CPI) annual rate of … [Read more...]