Consumer inflation hit its highest level in 13 years during 2022, with products recording their own peaks in different parts of the year. Wine, for example, registered its highest annual rate in May, cooling to its lowest reading in August. Fuel peaked in July with headline inflation, and oils & fats peaked one month later.   read more »

Consumer inflation hit its highest level in 13 years during 2022. The average inflation rate for the year (6,9%) hides the differences in timing and extent of price increases for different product groups. Transport and food & non-alcoholic beverages (NAB) had the biggest impact on overall inflation. Breaking the year down, the headline rate was   read more »

The year 2022 was tough, with soaring prices and rising interest rates leaving average consumers feeling the pinch. South Africa’s average inflation rate for 2022 was 6,9%, higher than the 4,5% recorded for 2021. The 2022 reading is the highest annual average rate since 2009 – the end of the global financial crisis. Explore inflation,   read more »

Household income and expenditure surveys are an essential component to a healthy data ecosystem and critical for economic and developmental planning and decision-making. Statistical agencies like Statistics South Africa (Stats SA) use these surveys to inform the measurement of inflation and to better understand a country’s household economy and living conditions. “Out of every R1   read more »

The South African economy took almost two years to recover from the worst of the COVID-19 pandemic. How does this compare with other countries? After plummeting in the second quarter of 2020 – when lockdown restrictions were at their most stringent – South African gross domestic product (GDP) clawed itself back to pre-pandemic levels in   read more »

Rising prices are hitting consumers hard, and the cost of electricity is no different. Municipalities play a significant role in the distribution of electricity in South Africa. Acting mostly as intermediaries, municipalities buy electricity from Eskom and then resell it to businesses, homes and other institutions. Eskom tariffs and purchases and sales of electricity A   read more »

Annual consumer price inflation jumped to 6,5% in May from 5,9% in April and March, breaking through the upper limit of the South African Reserve Bank’s monetary policy target range. This is the highest reading since January 2017 when the rate was 6,6%. Transport and food and non-alcoholic beverages (NAB) accounted for just over half of   read more »

Since our last issue of Mbalo Brief, Stats SA has painted a clear picture of the state of our economy in two of its statistical releases namely Gross domestic product (GDP) and the Quarterly labour force survey (QLFS). The gross domestic product for the first quarter of 2022 grew by 1,9%, representing a second consecutive   read more »

Economically, no country is an island. Just as a household cannot produce all that it needs on its own, South Africa depends on global trade for a range of goods and services. Take crude petroleum. Figure 1 tracks oil-related transactions across our economy, showing where crude petroleum comes from and where it ends up. The   read more »

After decreasing steadily for eight months, annual bread and cereals inflation jumped to 3,7% in February from 1,5% in January. The monthly change was also significant: prices climbed by 2,4% between January and February, representing the biggest monthly increase for this category since the beginning of 2019. Explore food inflation, as well as other stories,   read more »