Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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It has been tremendous to watch the inflation rate really come down steadily over the last few years. Inflation obviously measures what we are paying for food, mortgage bonds and general day-to-day expenses relative to one year ago. South Africa had some very high inflation rates in the past, but in recent years it came down first to about 6% and then slowly headed lower. Right now, it is currently at 3,6% and consensus is for it to dip to 3,4% over the next 2 or 3 months.
Posted by Michael de Broglio on Wednesday 22-Jan-20
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Comments
Bianca Taljaard said:
on Wednesday 26-Feb-20 08:23 AM
Inflation coming down is always positive news, it still feels like the cost of living is so high, you can not go to Pick a Pay without paying at least R400 for one or two bags of essentials.
Joyce said:
on Friday 14-Feb-20 04:45 PM
I think this is good news for South Africa, even if the cost of living is still too high
Ashleigh said:
on Wednesday 12-Feb-20 04:25 PM
I really do no feel the difference as expenses are still way too high. We really need some sort of relief somewhere.
Sinead said:
on Monday 10-Feb-20 08:49 AM
This is great news for us. It would really be nice if this could decrease the cost of living as well... Rather, everything still increases.
I think I'm going to do myself the favour by querying everything I pay for this year... It might be a good idea?
Michelle D said:
on Friday 07-Feb-20 04:35 PM
Living still seems to expensive! The inflation rate reflects the average increase in the average prices for different goods. I would really like to know what the lower priced goods are that bring down the inflation rate so substantially.
Dasanya said:
on Friday 07-Feb-20 03:20 PM
This is definitely positive news for South Africa. It is however difficult to see when the prices of goods keep increasing.
Cornelie said:
on Friday 07-Feb-20 10:31 AM
It seem as infaltion has come down but yet we pay a fortune on living expenses every day.
Thabitha said:
on Friday 07-Feb-20 07:43 AM
We need to be thankful of the positive news in our country, hoping for better 2020 and good news attract investors
Nicolle said:
on Thursday 06-Feb-20 05:40 PM
Wouldn't it be nice if the drop in inflation would encourage the drop in prices of products of daily living? I don't or have not noticed any such shift.
Lourien said:
on Tuesday 04-Feb-20 05:05 PM
This is great news for consumers so early in this year, I hope this keeps on dropping and that our inflation rates get even better for the rest of 2020.
patrick said:
on Tuesday 04-Feb-20 05:03 PM
It appears as if finally things are getting back to order.The results are a clear indication of what happens if you put the right people in the correct positions.
Melandre' said:
on Tuesday 04-Feb-20 08:45 AM
It is always great starting your day with positive news. SA carries a lot of potential, hopefully it carries on this way long enough to show a relative effective in our daily expenses.
Tersia said:
on Monday 03-Feb-20 10:16 AM
I would have never guessed that the Inflation came down as everything is getting more and more expensive by the day! But non-the-less always good news to know something is going down!
Tamaryn said:
on Friday 31-Jan-20 09:13 AM
Inflation coming down is always positive, if only previously inflated prices would reflect the same.
Helen said:
on Friday 31-Jan-20 07:28 AM
This is very positive news for the begging of 2020 year. I could see notifications were coming thru on decreasing of interest rate on house and car's loans. Let's hope prices on day to day live also will come down!
Natasha said:
on Thursday 30-Jan-20 04:21 PM
That is amazing News. Hope it continues to drop.
Karien van Zyl said:
on Thursday 30-Jan-20 12:58 PM
A lower inflation rate is an indication of a flourishing economy. Lower inflation rates are linked to lower interest rates which makes borrowing money more attractive. It also has a positive impact on consumers as they are more likely to purchase goods and services. I hope this pattern continues, but only time will tell.
Daniella said:
on Wednesday 29-Jan-20 03:29 PM
Great way to start the year off- I hope these positive changes keep coming in 2020
Megan said:
on Wednesday 29-Jan-20 11:26 AM
By the inflation rate coming down, I hope people will be able to restore what they've lost. I really wish the best for this country, we all do, and I hope more good news is to come in the year 2020.
Mathilda Du Preez said:
on Wednesday 29-Jan-20 08:28 AM
Positive start to the year :)
Definitely makes living a little more affordable.
Zindy said:
on Wednesday 29-Jan-20 07:56 AM
Its definitely a good start to the new year. Gives people some breathing space. Lets hold thumbs that it does decrease some more over the next few months that will be great.
Brenda Du Toit said:
on Wednesday 29-Jan-20 07:45 AM
That is very good news.Everything is so damn expensive people cannot cope anymore.Some good news so far.
Shristi said:
on Tuesday 28-Jan-20 05:11 PM
This is great news! I recently read that they are predicting another drop in inflation later on in the year. I hope this happens as it will give a lot of people a little bit of breathing space!
Thembi said:
on Monday 27-Jan-20 04:41 PM
It is good to see that the inflation level is going down, hoping that the prices will also drop with it
sandra said:
on Monday 27-Jan-20 02:41 PM
I am grateful for the inflation rates to be coming down as we all are in need of breathing space. Right now the groceries are so expensive, we are welcome to any help we can get so that we are able to afford living again
Victoria said:
on Monday 27-Jan-20 02:08 PM
I am happy that the inflation rate is coming down, this gives everyone a chance to get back onto their feet again. It makes things a little bit better then they are at the moment.
Clare said:
on Monday 27-Jan-20 11:36 AM
This is great News, i must be tell you the Truth, i don't really take not of this only take not on how expensive items are getting but with the Rate that is Dropping i hope that one of these days a R1000.00 will be to groceries bags and not just one grocery bag.
Angelique said:
on Monday 27-Jan-20 11:16 AM
Absolutely great news. One must be positive and try keep our heads above the water. This is a relief. It really is a great way to start the year and hopefully it takes another dip as predicted.
Alexis said:
on Friday 24-Jan-20 03:20 PM
That is very good news and would really help us all to at least manage our cost of living.
Sarah said:
on Friday 24-Jan-20 02:17 PM
The main reason why our inflation rate is so high is because cost increase somewhere in the production line, such as the labour or the overall cost of production itself. There is other factors as well.
Roxanne said:
on Friday 24-Jan-20 01:48 PM
Its good to see the inflation rate go down as we are all making debt to survive and now we are struggling to get out of debt.
fikile said:
on Friday 24-Jan-20 01:01 PM
I am hoping that it keeps going down because we spend to much money on food and a lot of things and in most cases it's the little man that looses the most. it's nice to see it go down
Melissa said:
on Friday 24-Jan-20 09:29 AM
This is such a relief, because most people are struggling to stay head above water these days.
Michelle Smillie said:
on Friday 24-Jan-20 09:03 AM
Finally some good news, although I cannot help but wonder how long it will last.
Prishani said:
on Thursday 23-Jan-20 05:47 PM
This is pleasant surprise and a nice one to start the year off! I think most South Africans will be happy with this!
Kendall said:
on Thursday 23-Jan-20 04:58 PM
Thank goodness for that! It will make life a lot easier for many people. At least that is some good news for South Africa amidst all the ongoing negativity in the country.
Nicolene said:
on Thursday 23-Jan-20 10:44 AM
At least something is going down for a change. Everything is so damn expensive these days and a lot of people can't even afford to buy food. Hopefully the inflation rate will come down to 3.4% and the cost of living will be much better.
Kayla said:
on Thursday 23-Jan-20 09:01 AM
It will be such a relief if inflation is going to go down. It will certainly make living alot better as everything is so expensive.
Claudia B said:
on Thursday 23-Jan-20 08:18 AM
I would most definitely say that this a good thing that the inflation is going down, the cost of living will be better.
Ziyanda said:
on Wednesday 22-Jan-20 02:50 PM
This is really great and a relief because at least more people will be able afford the basics and to do other things with their money.
Bronwyn said:
on Wednesday 22-Jan-20 11:24 AM
this is such a relieve as a lot of people are literally living from hand to mouth because everything is so expensive.
Nikita said:
on Wednesday 22-Jan-20 11:10 AM
At least we can say something in this country is heading in the right direction. Whilst most government officials sit in their luxury houses visiting first world countries for December holidays they should remember their people at home struggling to buy day to day basics.
Lucretia said:
on Wednesday 22-Jan-20 10:58 AM
I am glad that the inflation rate is coming down, it definitely gives the man on the street a bit of a breather.
Courtney said:
on Wednesday 22-Jan-20 10:15 AM
Inflation is like toothpaste, once it's out you can hardly get it back in again.
Sujata said:
on Wednesday 22-Jan-20 09:29 AM
Hopefully the inflation rate will drop to 3.4% as it will bring relief to the cost of living for households.
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
