Administered prices – those dictated by the government – “continue to be higher” than general inflation, the South African Reserve Bank has told Parliament, in what Busines Insider calls, a somewhat understated fashion. Over the past decade, the bank says, the increase in the headline consumer price index has totalled 68%, so that a basket of goods that cost R100 at the beginning of 2010 will now require R168 to buy, however over the same period of time, the price of electricity has increased by 177%, which translates to R500 worth of electricity in the run-up to the soccer World Cup in South Africa now costing R1,385. But that is still well below the change in an even more fundamental requirement, water which since the beginning of 2010 has increased by 213%.