On 2022-07-16 17:43:10 RenePhillips said:
I think you are looking at it through a limited lens... Over time, the direct contribution of petrol inflation to headline inflation has not only increased, but has also exceeded its weight in the consumer price index. In addition, the petrol prices have an important bearing on the prices of other (non-petrol) commodities in the economy.
So the impact may not be as simply limiting it to the extra R50/R100 you mentioned. So someone who had set aside R1000 a month for his "non essential" punt, may not have it anymore based on the ripple effect of the petrol hikes in his/her life.
But I accept and respect your opinion on the topic as being true in your world view. I was just sharing mine (which I do not postulate to be the correct one either).
Happy to learn from the views and experiences of others on this forum.