13 Dec

UASA Media Release: 13 December 2023

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

Following three consecutive months of increased headline consumer price inflation (CPI), UASA is pleased with the lower inflation rate recorded in November. As reported by StatsSA, the CPI dropped to 5.5% from the 5.9% recorded in October and fell by 0,1% in November.

The decline in the CPI was mainly driven by the 5.5% decrease in fuel prices, which put some money back in workers’ pockets, while inflation on food and non-alcoholic beverages, housing and utilities, miscellaneous goods and transport recorded an increase, added to the CPI.

Considering the fuel price cuts in December, we hope future CPI readings will continue to ease, tempering the cost of life for cash-strapped workers.

UASA encourages its members and fellow South Africans to adopt wise spending habits, save money for tomorrow, and put their financial needs ahead of festive season expenditures.

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

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