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Stats SA to make more detailed CPI data available

More detailed data from the consumer price index (CPI) will be made available on the Stats SA website from this month onwards, starting with the July 2018 CPI release that will be published on 22 August 2018. New time series will be available in Excel and ASCII formats at a further level of detail than   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 »


Media Invite: Living Conditions Survey /New weights CPI basket

MEDIA ADVISORY                                                                                           17 January 2017   Release of the Living Conditions Survey and the new weights for the Consumer Price Index (CPI)   Statistics South Africa (Stats SA) will release the results of the Living Conditions Survey (LCS) 2014/2015 and the new weights for the Consumer Price Index (CPI) on Friday, 27 January 2017 at   read more »


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 »


Media invite: Release of the Consumer Price Index (CPI),August 2016

 Media advisory                                                                                          19 September 2016   Release of the Consumer Price Index (CPI), August 2016   The Consumer Price Index (CPI) for August 2016 will be released at a media briefing on Wednesday, 21 September 2016 in Pretoria. The CPI is the primary indicator for the measurement of monetary policy and changes in   read more »


Media statement: The incorporation of lottery price changes into the CPI

Media statement                                    15  September 2016   Media statement on the incorporation of lottery price changes into the CPI On Monday, 13 September 2016, Statistics South Africa announced through a note on its website, that recent price increases in lottery tickets would be incorporated into the August Consumer price index (CPI) release, due out on   read more »


South Africa’s CPI reveals how volatile inflation hurts the poorest

Patrick Kelly, Executive Manager for Price Statistics, provides some insights into how inflation affects the most vulnerable. The combined effect of the severe drought and the depreciation of the rand drove annual food inflation to 9,8% in March, its highest level in four years. Periods of high food inflation often spark an outpouring of concern   read more »


CPI drops to levels last seen in 2011

CPI drops to levels last seen in 2011

Annual CPI inflation dropped to 4,4% in January 2015 from 5,3% in December 2014, the lowest since April 2011, when the CPI stood at 4,2%. Key drivers pulling the CPI down were petrol and food. The 127c/l drop in the price of petrol in January further contributed to the decline in the CPI for petrol,   read more »


CPI inflation slows in December

CPI inflation slows in December

Annual CPI inflation dropped to 5,3% in December 2014 from 5,8% in November 2014. Petrol and food prices, which are key drivers of changes in the CPI, both showed lower annual inflation rates. Food inflation continued its slowing trend with a 7,4% annual rate compared to 7,7% in November 2014. The main drivers of the   read more »


CPI inflation drops to 5,8%

CPI inflation drops to 5,8%

Annual CPI inflation dropped to 5,8% in November 2014 from 5,9% in October.  Petrol and food prices, which are key drivers of changes in the CPI both showed lower annual inflation rates.  Food inflation continued its slowing trend with a 7,7% annual rate compared to 8% in October.  The main drivers of the steadily declining   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 »


Report-01-41-01 - Consumer Price Index: Sources and methods

This manual provides an explanation of the new weights, as well as a wealth of information on the CPI sources and methods. read more »


P0141.5 - Consumer Price Index (CPI): Weights

This statistical release contains the weights for the historical metropolitan areas in total according to the new weighting structure of the CPI following rebasing. The weights for the various expenditure groups as well as for the pensioners index, core inflation index and the CPIX (CPI, excluding interest rates on mortgage bonds) are presented in this statistical release.read more »


P0151 - Contract Price Adjustment Provisions Work Group Indices (CPAP)

The JBCC publication consists of indices derived from changes in the cost structures prevailing in 37 different sectors of the building industry and is reported on by Stats SA on a monthly basis. The indices reported on in this publication are mainly based on a combination of PPI, SEIFSA and CPI indices for the particular month. The indices contained in this release are calculated and published for use in conjunction with the "Haylett Formula".read more »


P0141.5 - Consumer Price Index (CPI): Weights

This statistical release contains the weights for the historical metropolitan areas in total according to the new weighting structure of the CPI following rebasing. The weights for the various expenditure groups as well as for the pensioners index, core inflation index and the CPIX (CPI, excluding interest rates on mortgage bonds) are presented in this statistical release.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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Poverty

Poverty is a key development challenge in social, economic and political terms; not only in South Africa but throughout the developing world. In post-apartheid South Africa, fighting the legacy of poverty and under-development has always been a central theme of Government. This was cemented in the Reconstruction and Development Plan (RDP) of 1994 and reiterated in the National Development Plan (NDP) published in 2011.

The guiding objectives of the NDP is the elimination of poverty and the reduction in inequality and all the elements of the plan must demonstrate their effect on these two objectives. The Living Conditions Survey (LCS) and the Income and Expenditure Survey (IES) conducted by Stats SA are the two primary contributors toward profiling and monitoring poverty and inequality over time.

These two surveys are fundamental components to the survey programme of any statistical agency. They are the leading tools for the measurement of absolute poverty and inequality and they are an extremely important building block for the Consumer Price Index (CPI) to stay current with the changing spending and consumption patterns of the country.

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Transport

Travel survey – Online Updates The National Household Travel survey (NHTS) provides insight into the travel patterns of South African households, providing information on modes of transport used, such as land, air and water transport, as well as cycling, walking, public and private transport. Also included are statistics on travel times, transport challenges experienced by households, and travel patterns related to work, education and leisure. NHTS surveys were conducted in 2003, 2013 and 2020. Transport and the need for transport has become an important part of daily life in South Africa. Not only does the movement of goods and services play an important part in the South African economy, but the types of transport available to individuals affects spatial decisions in terms of work, entertainment, education and place of residence. Stats SA publishes a range of transport-related information in various reports and publications. Travel survey The National Household Travel survey (NHTS) provides insight into the travel patterns of South African households, providing information on modes of transport used, such as land, air and water transport, as well as cycling, walking, public and private transport. Also included are statistics on travel times, transport challenges experienced by households, and travel patterns related to work, education and leisure. NHTS surveys were conducted in 2003 and 2013. Transport and the economy Stats SA’s quarterly Gross domestic product (GDP) release provides information on the size and growth of various industries in the South African economy, including the transport industry. The same publication also includes figures on overall household expenditure on transport. The monthly Motor trade sales release provides the time series data of trade in motor vehicles and motor accessories. The Land transport survey, published on a monthly basis, provides data on passenger and freight transportation by land. The Producer Price Index (PPI) release provides information on the prices of transport equipment leaving the factory gate. The extent to which prices of fuel, public transport and private transport are changing is covered in the monthly Consumer Price Index (CPI) release. Employment Stats SA’s Quarterly Labour Force Survey (QLFS) and Quarterly Employment Survey (QES) provide information on the number of individuals employed in various industries, including the transport industry. Financial indicators The Quarterly Financial Statistics (QFS) and Annual Financial Statistics (AFS) reports provide a financial overview of various industries, including transport, storage and communication. Data on turnover, income and expenditure, profit or loss and various balance sheet items are also included in the reports. The transport and storage industry report for 2013 provides more in-depth information on the size, nature and structure of the transport and storage industry. This periodic survey provides details on employment within the industry, trading income, expenditure, profit or loss, inventories, sales and services, and purchases.read more »