5 reasons your expenses feel so much more (than the 4.6% inflation rate)

South Africa’s inflation rate slowed from 5.1% in June to 4.6% in July.

An inflation rate this low was last recorded in 2015.

The Money Show’s Bruce Whitfield interviewed Econometrix Treasury Management Director George Glynos.

Glynos discussed five reasons why your expenses feel like it’s increasing by so much more than the inflation rate.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

It may not be an inflation issue, but rather a perception issue.

George Glynos, Econometrix

There is significant pressure on households.

George Glynos, Econometrix

The basket that Stats SA uses is an average…

George Glynos, Econometrix

Hedonic adjustment refers to the hankering for something better in the future.

George Glynos, Econometrix

Personal income tax is not captured in the inflation basket.

George Glynos, Econometrix

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This article first appeared on 702 : 5 reasons your expenses feel so much more (than the 4.6% inflation rate)


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