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inflation and food supply chain

Inflation always means consumers have less real money to purchase. Image credit: Sarah Chai | Pexels

Inflation hits five-year high but local businesses demonstrate fighting spirit

  • marimac 

Statistics South Africa released its latest consumer price index with inflation recorded at 6.5% in May 2022, up from 5.9% in April 2022. Despite this, all but four out of the 27 industries monitored by Skynamo’s Industry Thermometer bounced back with positive growth within the same month. This resulted in May being the top performing month in 2022 thus far in terms of total order value.Read More »Inflation hits five-year high but local businesses demonstrate fighting spirit