If you were fortunate enough to go away during the December holidays, January may be the time you look back on how much it all cost you. CPI inflation for December 2013 was 5,4%, slightly higher than the 5,3% of November 2013. But most of the specific holiday costs are showing inflation rates above this average. If you read more »
CPI inflation registered its third successive decrease in November 2013, printing at 5,3% against October’s 5,5%. The monthly increase in the CPI was a mild 0,1%. The drop of 28c/l in the petrol price was the main cause of the slowdown in inflation in November 2013 together with decreases in certain cell phone call and read more »
Subdued monthly price increases led the annual Producer Price Index (PPI) for final manufactured goods (headline PPI) to drop to 6,3% in October from 6,7% in September and August 2013. The monthly figure increased by 0,5% – up slightly from the 0,4% increase in September and lower than the 0,9% in October 2012. The two read more »
The CPI inflation rate fell for the second consecutive month in October to 5,5% from 6% in September. The drop is mainly because of lower monthly price increases, especially when compared to the same period in 2012. The monthly increase was 0,2% compared to 0,6% in October last year. The drop in the petrol price read more »
The annual inflation rate dipped to 6% in September, from the 6,4% registered in August. Much of the monthly increase of 0,5% came from strong increases in basic necessities such as maize meal, rice, bread and meat. Food prices increased by 0,8% from August to September – the highest monthly increase since January this year. read more »
Over the past 12 months, the petrol price has increased by R2,49. This translates to an extra R124,50 to fill a 50 litre tank. The annual inflation rate for petrol is 23%, the highest since December 2011, when it was 26,3%. This is just one of the factors which led to the annual CPI inflation read more »
The annual inflation rate jumped to 6,3% in July from the 5,5% recorded in June. This is the first time since April 2012 that the CPI has strayed outside of the inflation target band. The increase in the annual rate was almost totally due to the 84c/l increase in the petrol price which resulted in read more »
Food inflation recorded its fourth successive year on year increase and is now at its highest point for the year. The inflationary pressures are distributed across a range of food groups, with processed food reflecting a higher rate of inflation at 7,6% compared to processed food at 6,3%. Prices of alcoholic beverages dropped on average by 0,3% read more »
The Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products. Changes in the CPI record the rate of inflation. The CPI can also be used as a cost-of-living index. HOW IS THE CPI MEASURED? The prices of goods and services consumed by South Africans are used to calculate an read more »