May petrol price increase will hit consumers in many ways
The oil price is again the main culprit behind the higher petrol price, while the Rand also depreciated against the US dollar.
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The oil price is again the main culprit behind the higher petrol price, while the Rand also depreciated against the US dollar.
Statistics South Africa announced this morning that the average inflation rate for 2023 was 6,0%, much lower than 2022’s 6,9%.
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Stats SA released its quarterly labour force survey (QLFS) on Tuesday, which revealed that the number of those unemployed in the country dropped by 60 000 to 7.9 million in the first quarter of the year.
‘Inflation rate will remain elevated domestically and globally’ says chief economist.