the daily snapshots are not predictive
On April 6, the petrol price increased by R0.36/litre – a much smaller adjustment than was feared for much of the preceding month. According to an analysis by professional services firm, PwC, the reduction of the general fuel levy would reduce fuel costs by at least R10 billion over the coming year – and this money has been put back in drivers’ pockets. However, this is only a temporary fix.
Headline inflation was most recently measured at 5.9% in March from a reading of 5.7% y-o-y in the preceding two months. This included a 7.2% m-o-m and 33.2% y-o-y increase in fuel prices during March.
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