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Year-on-Year Inflation for November 2024 at 16.5 Percent
Annual inflation for November 2024 increased to 16.5 percent from 15.7 percent recorded in October, 2024. This means that on average, prices of goods and services increased by 16.5 percent between November 2023 and November 2024 (see Figure 1). This development was mainly attributed to price movements of non- food items.
Figure 1: Annual Inflation Rate, November 2023 – November 2024 (%)
Annual Food and Non-Food Inflation
Annual food inflation for November 2024 was recorded at 18.2 percent same as the previous month (see Figure 2). This means on average prices of food items increased by 18.2 percent between November 2023 and November 2024. This was mainly attributed to increases in prices of food items such as Bread and cereals (Breakfast Mealie Meal, Roller Mealie Meal, Maize grain, Samp, Rice Local, Rice Imported, Bread, Bread Flour Imported); Meat (Fillet Steak, Rump Steak, Brisket, Mixed Cut, T-bone, Beef sausage, Ox-liver, Chicken); Cooking oil, Eggs and Dried beans.
The annual non-food inflation for November 2024 was recorded at 14.1 percent compared to 12.2 percent in October 2024. This outturn was mainly attributed to price movements in prices of non-food items such as Electricity; Purchase of Motor Vehicles (Toyota Hilux, Toyota corolla, Nissan ALMERA 1.5 L Acenta MT, Nissan Pick (Nissan Hardbody)); Passenger transport by air and Fuel (Petrol & Diesel).
Figure 2: Annual Food and Non-Food Inflation, November 2023- November 2024 (%)
