Fuel price responsible for higher CPI
The CPI rose to 5.4 percent on a yearly basis in December compared to 5.3 percent in November 2013.
JOHANNESBURG - With another significant fuel hike expected next month Statistics South Africa (Stats SA) says the high rise of the Consumer Price Index (CPI) it recorded on a yearly basis between November and December 2013 was largely driven by a fuel price increase of 17 cents a litre.
The CPI rose to 5.4 percent on a year on year basis in December 2013 compared to 5.3 percent in November.
The organisation says on a monthly basis it's the highest increase over the last quarter.
Stats SA'S Patrick Kelly says life will become more expensive and households will have to stretch their income quite a bit.
"This means for normal households groceries are getting more expensive and they would want to ensure their wages are also growing at that pace so they can keep up and buy the same things they have been buying."
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