Category Archives: Inflation

Consumer inflation holds steady

Consumer inflation holds steady

Annual consumer price inflation was 3,2% in February, unchanged from January. This marks the fourth consecutive month that inflation has remained above the four-and-a-half-year low of 2,8% in October. The monthly change in the consumer price index (CPI) was 0,9% in February. Recreation, sport & culture; food & non-alcoholic beverages (NAB); alcoholic beverages & tobacco;   read more »


Consumer inflation edges higher in January

Consumer inflation edges higher in January

Consumer inflation was 3,2% in January 2025, up slightly from 3,0% in December 2024. The January consumer price index (CPI) is the first to incorporate the changes to the CPI basket and weights announced last month.1 Food inflation slightly softer in January The CPI for food & non-alcoholic beverages (NAB) increased by 2,3% in the 12 months to   read more »


Stats SA reshuffles the inflation basket: What’s in and what’s out?

Stats SA reshuffles the inflation basket: What’s in and what’s out?

Stats SA has shaken up the basket of goods and services used to measure consumer inflation. The products in the basket are updated periodically to better reflect shifts and trends in consumer spending. Product weights are also adjusted. The reshaped basket The facelift includes adding 71 new products, removing 53 products and reorganising 29 products   read more »


Inflation inches higher to 3,0%

Inflation inches higher to 3,0%

Consumer inflation increased for a second consecutive month, rising to 3,0% in December from 2,9% in November and 2,8% in October. The monthly rate in December was 0,1%. Food inflation creeps higher Inflation for food & non-alcoholic beverages (NAB) was 2,5%, up from 2,3% in November. The annual rate for bread & cereals remained steady   read more »


Inflation edges higher in November

Inflation edges higher in November

Annual consumer inflation was 2,9% in November, slightly up from 2,8% in October. There was no change in the consumer price index (CPI) between October and November. Food inflation is the lowest in 14 years Annual inflation for food & non-alcoholic beverages (NAB) witnessed another sharp decline in November, slowing to 2,3% from 3,6% in   read more »


Consumer inflation cools further in October

Consumer inflation cools further in October

The consumer price index (CPI) increased by 2,8% in the 12 months to October 2024. This represents a sharp decline from 3,8% recorded in September. October’s print is the lowest since June 2020 (during the COVID-19 pandemic) when the rate was 2,2%. Falling fuel prices remain the primary factor behind the slowdown. Petrol and diesel prices declined   read more »


Economic wrap-up for October 2024

Economic wrap-up for October 2024

Stats SA published 23 statistical releases in October, many of which provide fresh data on the state of the economy. The latest monthly indicators Nationally, mining activity increased by a marginal 0,3% year-on-year in August. Manganese ore, platinum group metals and chromium ore were the largest drivers of growth. Nickel and copper also recorded a   read more »


University funding: Looking back at #FeesMustFall and COVID-19

University funding: Looking back at #FeesMustFall and COVID-19

South African universities faced a turbulent journey during the #FeesMustFall movement in 2015 and the COVID-19 pandemic in 2020. Both events had a significant impact on higher education funding. Stats SA explores how revenue streams for universities have shifted in the last decade, and how they were shaped by these two events. The #FeesMustFall movement   read more »


Consumer inflation retreats further in September

Consumer inflation retreats further in September

Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in September from 4,4% in August. This is the lowest inflation print since March 2021, when the rate was 3,2%. On average, prices increased by 0,1% between August 2024 and September 2024. Transport inflation continues to ease Softer transport inflation – specifically lower fuel prices –   read more »


Inflation dips below 4,5%

Inflation dips below 4,5%

Consumer inflation slowed for a third consecutive month, cooling to 4,4% in August from 4,6% in July. This is the lowest inflation print since April 2021 when the rate was also 4,4%. Lower annual rates were recorded for several product groups, most notably transport, housing, and restaurants & hotels. In contrast, inflation for food & non-alcoholic   read more »