22 Sep

UASA Media Release: 22 September 2021

Statement by Abigail Moyo, spokesperson of the trade union UASA:

Statistics SA announced earlier today that the Consumer Price Index (CPI) increased slightly from 4.6% in July to 4.9% in August 2021. This represents an increase of 0,4% month-on-month in August 2021.

The annual inflation increase is currently higher than the midpoint (4.5%) of the South African Reserve Bank’s (SARB) inflation target range which means that the cost of living is getting higher on a month-to-month basis.

The main contributors to the CPI were food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services. It is concerning to see that consumers have been paying more for food, goods and services, in a pattern that is likely to continue.

Cash-strapped consumers face an ongoing battle to survive. Food, housing, utilities and transport are commodities that workers can barely go without. Millions of South Africans are making the most of the last few months before the Festive Season to save up enough to go home with supplies for their families.

UASA hopes that consumers will not bear the brunt of higher inflation rates that may result in financial dilemmas.

Covid-19 is still with us, most of our people are still without employment. We need to be practical about the cost of living and the basics that our people can actually afford.

For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.

Leave a Reply

Your email address will not be published.