TABLE 3 shows South Ahtoa's Inflation rates from June 2017 to June 2019 TABLE 3: SOUTH AFRICA'S INFLATION RATES
YEAR
INFLATION RATE
2017
5.27%
2018
4,62%
2019
4,38%
(2)
1.1. Explain the meaning of the term 'inflation'
1.2. Calculate the price of brown bread in June 2019 if the price was 212 24 in
(4
)
June 2017
2. Mr Kivido received a monthly gross salary of R31 221,25 per month before the 2018 salary
increase. For his salary to keep up with the growing inflation, his salary will be increasing
annually as follows:​