Cost of food and non-alcoholic beverages increases sharply in May Consumer Price Index

The Consumer Price Index has kept below 3 percent, remaining steady for the Month of May at 2.8 percent. This was announced short while ago by Statistics South Africa on their website. Food prices have however shown a sharp increase with food and non-alcoholic beverages in May sitting at 4.8 percent more expensive than a year ago. Chief Director of Price Statistics at Stats South Africa, Patrick Kelly elaborates...