Alcoholic beverages and tobacco inflation analysis for Jan 2025
Alcoholic beverages and tobacco key statistics
What is happening to Alcoholic beverages and tobacco prices? 📈
Speeding Up or Slowing Down?
Year-on-year Alcoholic beverages and tobacco inflation rate vs CPI headline
Highlights
What happened to Alcoholic beverages and tobacco prices over the last twelve months?
Alcoholic beverages and tobacco prices have increased by 4,3% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Alcoholic beverages and tobacco price inflation compare to headline CPI and other major sectors?
| Basket | 12m change | |
|---|---|---|
| 1 | Education | 6,4% |
| 2 | Personal care and miscellaneous services | 5,9% |
| 3 | Restaurants and accommodation services | 4,9% |
| 4 | Housing and utilities | 4,5% |
| 5 | Health | 4,4% |
| 6 | Alcoholic beverages and tobacco | 4,3% |
| 7 | CPI Headline | 3,2% |
| 8 | Food and non alcoholic beverages | 2,3% |
| 9 | Furnishings, household equipment and routine maintenance | 1,8% |
| 10 | Clothing and footwear | 1,5% |
| 11 | Recreation, sport and culture | 1,5% |
| 12 | Transport | -0,2% |
| 13 | Information and communication | -0,5% |
Alcoholic beverages and tobacco ranks 6 out of 13 major sectors, with a 4,3% price increase over the past 12 months. This is above the overall consumer price inflation rate of 3,2%, indicating that Alcoholic beverages and tobacco prices are rising faster than most other consumer goods and services.
Is Alcoholic beverages and tobacco price inflation accelerating or slowing down?
What was the inflation rate in Alcoholic beverages and tobacco in previous month?
Previous, year-on-year inflation in Alcoholic beverages and tobacco came in at 4,3% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was 4,3%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Alcoholic beverages and tobacco changed over the last two years?
If we look back over a longer period, we see that Alcoholic beverages and tobacco year-on-year inflation has been averaging 5,1% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was 4,3%. That means, Alcoholic beverages and tobacco most recent year-on-year price inflation of 4,3% is below the average inflation rate of 6,2% over the past 2 years. The trend is down.
How does 4,3% in Alcoholic beverages and tobacco inflation compare historically? Has Alcoholic beverages and tobacco inflation been higher or lower historically?
How much did Alcoholic beverages and tobacco cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 959 | 4,3% |
| 2 years ago | 912 | 9,6% |
| 5 years ago | 791 | 26,5% |
| 10 years ago | 608 | 64,4% |
Costs relating to Alcoholic beverages and tobacco which cost R1,000 today would have cost you R959 one year ago, R912 two years ago, and R791 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Alcoholic beverages and tobacco prices.