{"id":73864,"date":"2024-09-18T15:35:00","date_gmt":"2024-09-18T15:35:00","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/transport-category-helped-drive-down-inflation-stats-sa"},"modified":"2024-09-18T15:35:00","modified_gmt":"2024-09-18T15:35:00","slug":"transport-category-helped-drive-down-inflation-stats-sa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/transport-category-helped-drive-down-inflation-stats-sa","title":{"rendered":"Transport category helped drive down inflation – Stats SA"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Stats SA says the transport category has helped to drive down inflation as fuel prices continue on a downward trend.<\/p>\n

This after the annual consumer price inflation softened for a third consecutive month, coming down from 4.6% in July to 4.4% in August.<\/p>\n

All transport-related products recorded softer annual rates in August.<\/p>\n

The fuel index dipped by 0.5% month-on-month, slowing the annual rate to 1.8%.<\/p>\n

Motorists using inland 95 octane petrol paid 15 cents less per litre in August compared with the month before.<\/p>\n

Diesel followed a similar trend, with motorists enjoying a fourth consecutive cut.<\/p>\n

Chief director for price statistics at Stats SA, Patrick Kelly, said that transport\u2019s influence on overall inflation had waned since mid-2022 when it was the biggest factor behind the rise in the cost of living.<\/p>\n

“It accounted for 44% of overall inflation in July that year. Fast forward to August 2024, transport accounted for 9%, placing it behind other major contributors such as housing & utilities and food & nab. In August, housing & utilities accounted for a quarter of the total inflation rate.”<\/p>\n

Food inflation, on the other hand, picked up in August.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Stats SA says the transport category has helped to drive down inflation as fuel prices continue on a downward trend. This after the annual consumer price inflation softened for a third consecutive month, coming down from 4.6% in July to 4.4% in August. All transport-related products recorded softer annual rates in August. 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