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The Consumer Price Index is South Africa’s measure of consumer inflation. In 2006 we began a process of reviewing and improving the way we collect CPI data and compile the index. This page is designed to provide CPI users with more detailed information on CPI methodology, and on changes that are taking place to improve read more »
Changes to the basket and weights of the Producer Price Index, 25 February 2014
The January 2014 statistical release of the Producer Price Index (to be released on 27 February) will show changes to the weights and basket of the indices. The methodology of the new PPI series that was introduced last year is to update the weights on an annual basis. The PPI has weights at two levels. read more »
Holiday inflation above average
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 »
Petrol price decrease puts brake on inflation
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 »
Inflation down for the second month in a row
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 »
Inflation back in target band…but food inflation pressures
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 »
Filling your tank costs you 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 »
Inflation up to 6,3%
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 »
What is the Consumer Price Index?
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 »
What do South Africans spend their money on
Statistics South Africa conducts an Income and Expenditure Survey (IES) every 5 years. The IES seeks to establish what South Africans spend their money on, so that the basket of goods which makes up the Consumer Price Index (CPI), used to calculate the inflation rate, can be updated. The last IES was conducted between September read more »