January 20, local media reported that South Africa’s average inflation rate in 2020 was 3.3%, which fell to the lowest level since 2004, measured by changes in the Consumer Price Index (CPI), according to local media reports.
The data shows that the inflation rate fell to 3.1 percent in December, down from 3.2% in November. The factors affecting the inflation rate in December mainly include food and non-alcoholic beverages.
Despite the low inflation rate, some daily necessities are still much more expensive, especially the rise in food prices, according to the Statistics South Africa data.
This also means that poor families may be under more pressure, because the proportion of food is more of the expenditure of poor families.