Cost of living escalates

By Staff Writer

Cost of living escalates

By Robert Laing
From The Times

And the Main Inflation Culprits Are ...
Processed foods, Grain products, Fats and oils, Coffee, tea, cocoa, and Transport costs

Inflation hit a record high of 11.6 percent in June, making it inevitable that the Reserve Bank will raise its repo rate to 12.5 percent when its Monetary Policy Committee next votes on August 14.

Justmoney.co.za says:

The very things we buy everyday are the things fuelling inflation. This makes sense. The question is are you fuelling inflation by buying with an over expensive credit card? Do you have a savings account to keep that money that you don't need to spend on snacks and hot chocolates? Have you planned for your retirement, or taken out medical aid before all those fats and oils hit your heart? Don't hesitate, conduct a financial health check today.

 

Recent Articles

Featured Request your credit report from the right bureau

With so many different credit bureaus in South Africa, it may be difficult to decide from which one to request your credit report. We have a look at what you should be aware of when selecting a credit bureau.

Applying for a home loan? Consider the repo rate

When you apply for a home loan, one of your top priorities should be to secure a low interest rate. In order to achieve this, you need to be familiar with the repo rate. We find out more about this.

Effective financial planning as a single parent

As a single mom or dad, it can be challenging to keep up with the ever-increasing expenses of raising a child. We have a look at the importance of setting up a budget as a single parent.

How your credit score impacts your insurance – and vice versa

Since insurance is paid in advance, it may seem unrelated to your credit score. However, these two are in fact linked to one another. We find out why insurers look at your credit score.

Deals

Get a FREE flight ticket with Hotel Sky

Price: From R5,200
When: Until 31 January 2022
Where: Johannesburg and Cape Town

Voucher for 2 special at Bakwena Day Spa

Price: From R1,798
When: Until 31 January 2022
Where: Centurion, Hartbeespoort and Stellenbosch

Spier Hotel Summer Special

Price: Available on request
When: Until 31 March 2022
Where: Stellenbosch


Latest Guide

Guide to debt rehabilitation solutions