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UASA Media Release: 21 June 2023
Statement by Abigail Moyo, spokesperson of the trade union UASA:
The second consecutive decrease in headline consumer price inflation in May to 6,3% from 6,8% in April is happy news for workers and consumers grappling with the cost of living.
Stats SA announced this morning that May’s reading is the lowest since April 2022 when the rate was 5,9%. In February and March this year, the CPI slightly surpassed the 7.0% range.
The main contributors were food and non-alcoholic beverages which increased by 11,8% year-on-year and contributed 2,1 percentage points, as well as housing and utilities, transport and miscellaneous goods and services.
UASA urges government, businesses and industry partners – when pricing basic services, food and bare necessities – to keep in mind the economic hardship many workers experience.
UASA encourages its members and other workers to consider saving a percentage of their income now that the interest rate favours their pockets.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.