Annual consumer price index (CPI) inflation registered its second monthly decline in December, edging lower to 7,2% from 7,4% in November and 7,6% in October. The monthly rate in December was 0,4%.   The December release concludes the results for the calendar year. Average annual inflation for 2022 was 6,9%, higher than the 4,5% recorded   read more »

Annual consumer price inflation slowed to 7,5% in September from 7,6% in August, edging further down from the 13-year high of 7,8% recorded in July. Fuel prices declined for a second consecutive month, contributing to the softer headline rate. The monthly change in the consumer price index (CPI) for September was 0,1%, lower than 0,2%   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 quickened 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%. The monthly change in the consumer price index (CPI) was 0,7%. The   read more »

The annual change in the consumer price index (CPI) was 5,9% in April, unchanged from 5,9% in March. The monthly rate decreased to 0,6% from 1,0%. This is the third time in five months that the annual rate was 5,9%, testing the 6% upper limit of the South African Reserve Bank’s monetary policy target range.   read more »

Annual consumer price inflation quickened to 5,9% in March from 5,7% in February, placing it just below the upper limit (6%) of the South African Reserve Bank’s monetary policy target range. Transport, housing and utilities, and food and non-alcoholic beverages were the most significant contributors, with transport contributing 2,1 percentage points to the annual rate.   read more »

Annual consumer inflation held steady at 5,7% in February, unchanged from 5,7% in January. Rising food and transport prices put upward pressure on the monthly rate, with the consumer price index (CPI) increasing by 0,6% between January and February. This CPI release is the second to be compiled using the recently updated weights and basket   read more »

Headline inflation dipped to 5,7% in January from 5,9% in December, mainly the result of lower fuel prices. The consumer price index (CPI) increased by 0,2% between December and January, compared with a monthly rate of 0,6% in December. This CPI release is the first to be compiled using the recently updated weights and basket   read more »

Headline consumer inflation ended 2021 at 5,9% in December, up from 5,5% in November. The monthly increase was 0,6%, slightly higher than the 0,5% rise recorded between October and November. Average consumer inflation for 2021 was 4,5%, higher than the averages recorded for 2020 (3,3%) and 2019 (4,1%). The factors driving the rise in the   read more »

Annual consumer inflation accelerated to its highest reading in more than four-and-a-half years in November, driven mostly by rising transport costs. The annual change in the consumer price index (CPI) was 5,5%, up from 5,0% in October and September. This is the biggest annual increase since March 2017 when the rate was 6,1%. The monthly   read more »