Year-on-Year Inflation for October 2022 at 9.7 Percent
Annual inflation for October 2022 slowed-down to 9.7 percent from 9.9 percent recorded in September, 2022. This means that on average, prices of goods and services increased by 9.7 percent between October 2021 and October 2022 (see Figure 8). This development was mainly attributed to movements in prices of non-food items.
Figure 8: Annual Inflation Rate, Oct 2021-Oct 2022 (%)
Annual Food and Non-Food Inflation
Annual food inflation for October 2022 was recorded at 12.2 percent from 12.1 percent in September 2022 (see Figure 9). This development was mainly attributed to price movements in food items such as Cereals (Breakfast Mealie meal, Roller Mealie meal & Maize grain); and Vegetables (Rape, Cabbage, Chinese cabbage, Pumpkin, Dried Beans).
The annual non-food inflation for October 2022 was recorded at 6.5 percent from 7.2 percent in September 2022. This outturn was mainly attributed to decreases in prices of non-food items such as Shoes and other Footwear (Sports shoes, Ladies synthetic shoes, Boys School Shoes, Girls School Shoes); Furniture and furnishings (Bed and Mattress, Lounge suit low price, Coffee table) and Purchase of Motor Vehicles.
Figure 9: Annual Food and Non-Food Inflation, Oct 2021-Oct 2022 (%)