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Dismal December for retailers

Dismal December for retailers

The most important month of the year for retail trade is December, when many consumers are on holiday and go Christmas shopping. But December 2018 was a tough month for retail in South Africa. The volume of sales fell by 1,4% year-on-year, which was the first negative annual growth rate since February 2017. The poor   read more »


Stats Biz – July 2018

Stats Biz – July 2018 Annual food inflation continues to slow despite April’s rise in value added tax (VAT). In fact, some food items are actually cheaper than they were a year ago. The items you are now paying less for are in the oil, bread, fruit and sugar categories. Explore the price of food,   read more »


Stats Biz – May 2018

Fuel, meat, beer and wine. These are products that have increased the most in price over the last year. South Africa’s consumer inflation rate jumped to 4,5% in April after reaching a seven-year low of 3,8% in March. Explore the list of products that you are now paying more for, as well as other stories,   read more »


Counting the costs of Valentine’s Day

Counting the costs of Valentine’s Day

You’ve got no one to blame except yourself. Admit it. You totally forgot about Valentine’s Day. Now that it’s just around the corner you’ve got to come up with something fast! It was months ago when you and your significant other agreed that it would be your turn this year to do something special. You   read more »


Jump in government higher education spending

Jump in government higher education spending

It’s been three years since the #FeesMustFall campaign erupted on campuses across the country. Thousands of students protested – at times violently – over rising tuition fees. On the back of frustration over the lack of funding for poorer students, the movement resuscitated, in a big way, the debate over whether South Africa should offer   read more »


Digging deeper into your pocket? These prices might be to blame

Digging deeper into your pocket? These prices might be to blame

Does that braai pack feel a bit expensive? If you’ve recently noticed a rise in meat prices, then you’re not alone. Let’s take a closer look at that, as well as other items in the consumer price index with inflation higher than South Africa’s inflation target of 3–6% that is used for monetary policy. In   read more »


Falling prices: the good, the better, and the best

Falling prices: the good, the better, and the best

It’s hard to believe. It goes against what we often hear. Whether chatting with friends around the braai or debating with family at the dinner table, almost everyone has a story to tell about their own experiences with rising prices. Surprisingly, data show that there are in fact items that are cheaper now than they   read more »


Beer more popular than vegetables

Beer more popular than vegetables

Beer more popular than vegetables Nqa, Impilo, Pholo e ntle, gesondheid, Awe, Cheers! Many of us enjoy a pint, but have you ever really thought much about the industry and what you spend on your beer? In celebration of International Beer Day, we take a closer look at how much households spend on beer and   read more »


Media Release: New basket and weights for the Consumer Price Index (CPI)

MEDIA RELEASE                                                                                                                             27 January 2017 New basket and weights for the Consumer Price Index (CPI)   There are 412 products and services in the new CPI basket, an increase from 396, which now includes new products such as instant noodles, frozen pizzas and pies, and ready-mixed flour products. Stats SA announced the changes to the   read more »


The ups and downs of gross domestic product

The ups and downs of gross domestic product

Economic growth can be reported in a number of different ways. Annual growth, quarter-on-quarter and year-on-year are terms that are commonly used in the context of gross domestic product (GDP). What do these terms mean? In preparation for Stats SA’s next release of GDP data on 6 December, this article explores the different ways in   read more »


P0310.1 - National Poverty Lines

In 2012, the South African government adopted the use of three national poverty lines for the measurement and monitoring of money-metric poverty in the country. For the construction of these lines, Statistics South Africa used an internationally recognized approach, namely the cost-of-basic-needs approach which links welfare to the consumption of goods and services. The National Poverty Lines statistical release provides the annual inflation-adjusted line values for South Africa’s three official poverty lines, namely the food poverty line (FPL), lower-bound poverty line (LBPL) and upper-bound poverty line (UBPL). These lines capture different degrees of poverty and allow the country to measure and monitor poverty at different levels.read more »


P0142.1 - Producer Price Index (PPI)

This publication contains results of the monthly Surveys of Prices of Locally Produced Commodities (which are locally sold or exported). These indices for commodities are classified to designated industries of the South African economyread more »


P0142.7 - Export and import unit value indices

Export and import unit value indicesread more »


P0151.1 - Construction Materials Price Indices

This publication consists of indices for contract prices adjustment provisions (CPAP) as well as construction input price indices (CIPI).read more »


P0141 - Consumer Price Index (CPI)

This release contains results of the monthly Survey of Consumer (Retail) Prices. The purpose of the survey is to collect and provide information regarding changes in the overall level of prices of all goods and services bought by the average household. This publication contains the CPI (Inflation) rates. The P0141 contains information on all urban areas and the Additional tables contains information for provinces, Primary urban areas, Secondary urban areas and Rural areas.read more »


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Inflation

The Consumer Price Index (CPI) and Producer Price Index (PPI) are the two primary measures of inflation for South Africa. Both indicators are published on a monthly basis.The Consumer Price Index tracks the rate of change in the prices of goods and services purchased by consumers. The headline CPI is used as the inflation target measure which guides the South African Reserve Bank on the setting of interest rates.

The Producer Price Index tracks the rate of change in the prices charged by producers of goods. Stats SA publishes PPIs for different industries with the PPI for final manufactured goods being the headline PPI. Additional PPIs are compiled for Agriculture, forestry and fishing; Mining and quarrying; Electricity and water; Intermediate manufactured goods; Imports and Exports; and Construction.

The PPI is widely used by businesses as a contract escalator and as a general indicator of inflationary pressures in the economy.

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