Accelerating inflation spells disaster for the poor
24 August 2022
Note to Editors: Please find attached soundbite by Dr Dion George MP.
South Africa's inflation rate has jumped to a shocking 13-year high.
Recorded at 7.8% in July, almost 2% above the upper limit of the central bank's target range of between 3% and 6%, the increase is a reflection of a significantly deteriorated economic outlook.
In response to the crisis and the ineptitude of the ANC, the DA will soon launch a Cost-of-Living campaign that will lay out how the DA plans to alleviate pressure on households.