Inflation the lowest in almost 15 years
Annual CPI inflation for April reflects the impact of the first month of the COVID-19 lockdown. The rate dropped to 3,0% in April from 4,1% in March, the lowest reading since June 2005 when the rate was 2,8%. Consumer inflation is now at the bottom of the South African Reserve Bank (SARB) target range of read more »
Changes to the calculation and publication date of the April CPI
The COVID-19 pandemic and the drastic actions taken to prevent its spread have fundamentally impacted the South African economy and Stats SA’s ability to measure it. Government imposed a restrictive five-week lockdown from 27 March to 30 April. Data collection for the March 2020 consumer price index had been completed before the lockdown and it read more »
COVID-19: Weekly deflation of essential products continues
The prices of essential products decreased by 0,1% between the weeks ending 16 and 23 April after decreasing by 0,2% the previous week. The essential products consumer price index (EP–CPI) has increased by 0,2% since weekly data was first collected at the beginning of the lockdown in the week ending 2 April. This article covers read more »
Inflation dips to 4,1%
Annual CPI inflation nudged lower to 4,1% in March from February’s reading of 4,6%. There were two key features of the CPI in March: the incorporation of fee data from educational institutions (including crèches) and the effect of the latest increases in excise tariffs. Tuition fees are surveyed once a year in March. On average, read more »
COVID-19 lockdown impacts publication of economic statistics
Media release                                                                                                             17 April 2020 COVID-19 lockdown impacts publication of economic statistics  Statistics South Africa recently issued a media statement on the impact of the lockdown on data collection processes and scheduled web statistical releases. In light of the extension of the lockdown, we felt it important to keep the public apprised of the continuing read more »
Impact of COVID-19 on Economic Statistics in Statistics South Africa
Background The personal, social and economic impact of COVID-19 is unlike anything experienced by the world in the past 75 years. Stats SA is aware of the need for timely data to understand these impacts, but is equally constrained by the restrictions put in place to manage the spread of the coronavirus. The task of read more »
Lockdown will impact on the collection and publication of official statistics
Statistics South Africa (Stats SA’s) ability to publish official statistics will be impacted by the lockdown announced by President Ramaphosa. As most businesses will be closed over that period, and movement will be restricted, data collection for both economic and household surveys will not be possible. As the lockdown goes into effect at midnight on read more »
Inflation edges up to 4,6%
South Africa’s annual inflation rate nudged up to 4,6% in February from January’s 4,5%, inching past the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The last time the inflation rate was above the midpoint was in November 2018 when the rate was 5,2%. The monthly shift in consumer prices – read more »
Inflation quickens for a second month in a row
South Africa’s annual inflation rate was 4,5% in January, higher than that recorded in December (4,0%) and November (3,6%). This places inflation right on the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The main contributors to the 4,5% rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous read more »
Inflation quickens slightly in December
Annual consumer inflation edged up to 4,0% in December from November’s 3,6%. The main contributors to the 4,0% rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services. The food and non-alcoholic beverages category recorded an annual rate of 3,9%, slightly higher than the 3,5% recorded in November. Bread and read more »