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Consumer inflation, which reflects the cost of living on a year on year basis, continues to drift lower. In the latest figures, publicised at the end of October, inflation had dropped to 3,2% year on year. I am not so sure that employees around the country will be excited, because obviously the writing is on the wall that increases next year, which always have reference to inflation, are going to be at their lowest ever, but on the other hand, the simple reality is that many things cost less than a year ago, and others have only gone up marginally while overall, businesses continue to suffer and undoubtedly there will be many companies not even paying a bonus this year, and not awarding increases early next year either.
Posted by Michael de Broglio on Wednesday 03-Nov-10
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BRIDGET LOOCK said:
on Tuesday 09-Nov-10 09:43 AM
Even if inflation is low I am not looking forward to this new toll system going up. Trucks that transport goods will have to jack their prices up because they will be hit hardest, back roads in residential areas will be conjested with traffic to avoid the hi ways. I know this is to encourage us to use the Gautrain but some of us still have to drive 20km to get to the train station because the busses do not have a permit to operate in certain areas. Really hope it all falls into place.
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!
