Inflation hurts the poor

Statistics South Africa will announce March's consumer price inflation figure tomorrow and it will be closely watched by economists. The hope is that February's 5.6% would be the highest point for the year and that the inflation rate will now slowly decrease again. However, the macro figure hides an important story. The Pietermaritzburg Economic Justice and Dignity Group's Household Affordability Index shows that especially households that receive the minimum wage are hit very hard by inflation. This episode is supported by the NWU Business School.