Inflation warning: Loaf of bread could cost R45 in the next decade
” Higher petrol price hurting SA Johann Els, chief economist at PSG Financial Services, said higher petrol prices are the biggest reason why inflation will rise, following the increase of 143 cents per litre during June.7% Before we get to the prediction of the price of bread, senior research fellow at the University of Johannesburg’s School of Economics, Dr Charles S Saba, told The Citizen that consumer inflation is likely to increase largely because of higher transport and fuel costs arising from the Middle East conflict.“Looking ahead, July inflation should ease, as the sharp decline in fuel prices following the ceasefire and lower international oil prices is expected to more than offset the removal of the remaining fuel levy relief,” she said.
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