I would like to believe that Steve Biko would have been gratified by the fairly contained pace of inflation over the past 15 years, knowing the dire consequences of inflation for the poor – those who are usually least able to hedge against inflation – in particular. Since 1994 average headline inflation has amounted to approximately 6,5 per cent per annum.
Over the  1  Steve Biko, I write what I like, A selected of his writings. BIS Review 109/2009  1  preceding 15 years, 1979 to 1994, it had averaged almost 14 per cent per annum. Inflation has been uneven over the period, though, induced typically by significant changes in key exogenous drivers of inflation, such as oil prices.