20 Sep

UASA Media Release: 20 September 2023

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

Workers battling to balance the cost of living against their shrinking incomes must face disappointment as annual consumer inflation slightly increased to 4,8% in August from 4,7% in July.

The previous four consecutive months of decline made little difference as increased fuel prices, electricity and municipal tariff rates counteracted it, leaving workers numb. Parents and other consumers will feel the financial stress building up to the festive season and the back-to-school rush early next year.

The main contributors to the higher inflation rate were food and non-alcoholic beverages (increased by 8% year-on-year and contributed 1,4 percentage points); housing and utilities (increased by 5,5% year-on-year and contributed 1,3 percentage points); and miscellaneous goods and services (increased by 6,2% year-on-year and contributed 0,9 of a percentage point).

With a further massive fuel hike likely looming on the horizon, one can only wonder when consumers will get some relief from the financial abuse inflicted upon them by the economy.

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

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