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A year in the jaws of a cost of living crisis

Friday, December 23, 2022 | 600 Views |

Annus horribilis: Consumers are enduring the highest rates of inflation since 2008 PIC: MORERI SEJAKGOMO

Think of inflation as a car. First, it moves at 140 kilometres per hour and everyone is terrified. Then it slows to 120 kilometres per hour and there’s some calm. But the fact is that the car is still speeding. That’s the story of inflation this year, which peaked at 14% and has since dropped to about 12%. Staff Writer MBONGENI MGUNI reports on the cost of living crisis that gripped the nation this year

One story dominated all others in the discourse about the economy this year and with good reason.

Unlike other economic topics which often involve technical jargon that limits discussions to those “in the know”, inflation or the cost of living does not require degrees to be felt, understood, and suffered.

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A year in the jaws of a cost of living crisis