18 May

UASA Media Release: 18 May 2022

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

UASA takes note of the unchanged annual consumer price inflation of 5,9% in April 2022, which remained the same as in March 2022. The consumer price index (CPI) increased by 0,6% month-on-month in April 2022.

Stats SA reports that that the main contributors to the latest inflation rate figures were food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services. Ahead of the South African Reserve Bank’s Monetary Policy Committee (MPC) meeting tomorrow, UASA is concerned about the affordability of goods and services for workers. The MPC is expected to increase the repo rate.

Economists are also anticipating a massive fuel price hike for June 2022. A CPI of 5,9% coupled with an increase in the repo rate, higher fuel prices and price hikes for basic goods and services will hit workers in the pocket and keep them subjected to the same high cost of living.

UASA echoes the call by the Federation of Unions of South Africa (FEDUSA) demanding that the emergency fuel levy intervention, which expires at month-end, be extended to cushion the blow to workers and businesses and prevent the expected massive negative economic impact of the price hikes.

A lasting solution must be found to fix the unacceptably high prices. As always, workers, who have families to provide for and survive on the little that they have, are bearing the brunt.

UASA encourages its members and South Africans to be money-wise and keep strict budgets for their households while keeping an eye on basic needs expenses.

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

 

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