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Cost of medicine in South Africa set to skyrocket

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Discussing medication with a pharmacist. Image by Rhoda Baer acquired from National Cancer Institute. Released to the Public Domain by author
Discussing medication with a pharmacist. Image by Rhoda Baer acquired from National Cancer Institute. Released to the Public Domain by author

On 23 March Statistics SA released the annual consumer price inflation (CPI) rates, sending waves of worry throughout the country as we braced ourselves for another ripple of price increases across the board.

Everything's going to cost more

The CPI was 7% in February, up from 6.2% in January, breaching the SA Reserve Bank's target range as well as the dubious achievement of hitting the highest rate since May 2009, when it was 8%.

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