Meat inflation analysis for Jan 2025
Meat key statistics
What is happening to Meat prices? 📈
Speeding Up or Slowing Down?
Year-on-year Meat inflation rate vs CPI headline
Highlights
What happened to Meat prices over the last twelve months?
Meat prices have increased by -0,5% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Meat price inflation compare to headline CPI and other major sectors?
| Basket | 12m change | |
|---|---|---|
| 1 | Hot beverages | 13,7% |
| 2 | Medical industry - Medical insurance | 10,3% |
| 3 | Education services - University boarding fees | 8,2% |
| 4 | Medical industry - Dentists | 8,1% |
| 5 | Cold beverages | 5,9% |
| 6 | Sugar, confectionery and desserts | 5,7% |
| 7 | Medical industry - Hospital services | 5,3% |
| 8 | Medical industry - Doctors | 4,7% |
| 9 | Spirits and liqueurs | 4,5% |
| 10 | Housing - Actual rentals-Town houses | 4,4% |
| 11 | Fish and other seafood | 4,2% |
| 12 | Domestic services | 4,1% |
| 13 | Wine | 3,8% |
| 14 | Cereal products | 3,8% |
| 15 | Housing - Owners equivalent rent-Town houses | 3,5% |
| 16 | Beer | 3,5% |
| 17 | Housing - Actual rentals-Flats | 3,3% |
| 18 | CPI Headline | 3,2% |
| 19 | Housing - Owners equivalent rent-Flats | 2,8% |
| 20 | Oils and fats | 2,8% |
| 21 | Vehicles - New vehicles | 2,7% |
| 22 | Other services | 2,6% |
| 23 | Housing - Actual rentals-Houses | 2,2% |
| 24 | Housing - Owners equivalent rent-Houses | 2,1% |
| 25 | Other food | 2,1% |
| 26 | Fruits and nuts | 2,1% |
| 27 | Milk, other dairy products and eggs | 1,7% |
| 28 | Vegetables | 0,7% |
| 29 | Meat | -0,5% |
| 30 | Vehicles - Used vehicles | -0,8% |
| 31 | Fuel | -4,5% |
Meat ranks 29 out of 31 major sectors, with a -0,5% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Meat prices are rising slower than most other consumer goods and services.
Is Meat price inflation accelerating or slowing down?
What was the inflation rate in Meat in previous month?
Previous, year-on-year inflation in Meat came in at -0,4% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was -0,5%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Meat changed over the last two years?
If we look back over a longer period, we see that Meat year-on-year inflation has been averaging 3,2% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was -0,5%. That means, Meat most recent year-on-year price inflation of -0,5% is below the average inflation rate of 6,1% over the past 2 years. The trend is down.
How does -0,5% in Meat inflation compare historically? Has Meat inflation been higher or lower historically?
How much did Meat cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 1 005 | -0,5% |
| 2 years ago | 983 | 1,7% |
| 5 years ago | 762 | 31,3% |
| 10 years ago | 573 | 74,4% |
Costs relating to Meat which cost R1,000 today would have cost you R1 005 one year ago, R983 two years ago, and R762 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Meat prices.