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Media Statement: Statistics South Africa to make changes to CPI basket and weights

Media Statement                                                                                     21 September 2016 Statistics South Africa to make changes to CPI basket and weights Statistics South Africa today announced that it would make changes to the Consumer Price Index (CPI) basket of goods and services, and the weights attached to these, with effect from the January 2017 release of the CPI.   read more »


South African manufacturing production and the rand (an update)

South African manufacturing production and the rand (an update)

Industry growth rates depend on many factors, and the South African manufacturing industry is no exception. The state of the local and global economy and the rand exchange rate are some of the factors that are watched closely when assessing the performance of manufacturing production.   Figure 1 shows the severe impact of the global   read more »


The secret life of a slab of chocolate

The secret life of a slab of chocolate

You might celebrate World Chocolate Day today (7 July) by sitting back and feasting on your favourite slab of sugary goodness. At Stats SA, we love our chocolate. But we also love data and all things statistical. So, to honour today, we’ve teased out a few facts about the price of chocolate that you, as   read more »


Stats Biz – May 2016

Rising food prices are again in the spotlight. Stats Biz takes a closer look at food prices in this edition. Which provinces are experiencing high food inflation? What impact may rising food prices have on the poor? How quickly are vegetable and fruit prices climbing? Explore food prices, as well as other economic stories, in   read more »


Facts you might not know about social grants

Facts you might not know about social grants

Data from Stats SA’s latest Financial statistics of national government report1 provides some insights into government spending on social grants. Below are just two examples about the grant spending social welfare system in South Africa. Fact 1: For every R100 national government spends on social grants, R42 goes to family and children grants; R41 goes   read more »


Taking stock of food prices

Taking stock of food prices

Many have commented on South Africa’s drought and how rapidly food prices have been rising. The latest release of Stats SA’s Consumer Price Index (CPI) unpacks the South African food basket to examine which items might be contributing to your rising grocery bill. Imagine a basket sitting in front you, filled with a range of   read more »


South African manufacturing production and the exchange rate

South African manufacturing production and the exchange rate

The South African economy was hit hard by the global economic crisis of 2008/2009. The country’s manufacturing industry contracted sharply, and its subsequent recovery has been insufficient for the volume of manufacturing production to return to its pre-crisis level. Figure 1 shows SA’s manufacturing production (volume) compared with OECD industrial production.1 Preliminary manufacturing data for   read more »


Rising food prices: where are the most vulnerable?

Rising food prices: where are the most vulnerable?

A growing number of forecasts reveal that food prices might rise sharply in coming months. Survey data show which parts of the country are most vulnerable. Current data point to an agriculture industry that is struggling. During November 2015, in the midst of South Africa’s worst drought in 23 years, Stats SA released gross domestic   read more »


Enjoy your pint, but be aware of price…

Enjoy your pint, but be aware of price…

If you are thinking of celebrating international beer day on 7 August 2015 with your favourite pint, take a few moments to consider how this beverage might affect your pocket. South Africans love their beer. Households allocated 60% of their expenditure on alcoholic beverages to this type of drink, followed by wine (23%) and spirits   read more »


Exploring Stats SA’s economic indicators

Exploring Stats SA’s economic indicators

Want to know more about how various parts of South Africa’s economy are performing? Then Stats SA’s Monthly economic indicators report might be for you. Available from the Stats SA Roambi app, the report includes a variety of economic indicators from selected Stats SA publications. Available as interactive time-series charts, the following indicators are included:   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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