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Inflation is hitting the poor the hardest

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Scores of Cosatu and SA Federation of Trade Unions members march to the Union Buildings in Pretoria on Wednesday to protest against the high cost of living Photo: Tebogo Letsie
Scores of Cosatu and SA Federation of Trade Unions members march to the Union Buildings in Pretoria on Wednesday to protest against the high cost of living Photo: Tebogo Letsie

BUSINESS

South African households have become poorer as rising inflation erodes their disposable income and ability to save.

The consumer price index (CPI) reached a 13-year high last month, surging to 7.8% year on year from 7.4% in June.

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