South Africa’s annual consumer inflation ticked up slightly to 3.4% in September from 3.3% in August, according to Statistics South Africa on Wednesday.
The monthly change in the Consumer Price Index (CPI) was 0.2%, with increases largely driven by higher prices in transport and restaurants and accommodation.
While several categories saw faster price growth, inflation eased in food and non-alcoholic beverages (NAB), alcoholic beverages and tobacco, and household furnishings and maintenance.
Stats SA chief director of price statistics, Patrick Kelly, said meat inflation surged to 11.7%, the highest annual rate since January 2018, when it reached 13.4%.
"While month-on-month increases for beef products have slowed, prices do remain high. Stewing beef, for example, rose 32.2% year-on-year, but showed no change month-on-month," Kelly said.
"Other meat categories are also feeling the…