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 »

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 »

Stats SA published changes to the consumer inflation basket, providing insight into how household spending habits have shifted since 2016. It is best practice for national statistical offices to update the basket at least every five years to ensure that it adequately reflects trends in household spending, technology and consumer tastes. The process involves removing   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 »

The annual change in the consumer price index (CPI) in October 2021 was 5,0%, unchanged from the 5,0% recorded in September. The monthly rate also held steady, remaining at 0,2%. Food and non-alcoholic beverages (NAB) and transport were the most significant contributors to both the annual and monthly rates. Annual food inflation slows for a   read more »

Annual consumer price inflation edged slightly higher to 5,0% in September from 4,9% in August and 4,6% in July. This represents the fifth consecutive month with annual inflation above the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The monthly change in the consumer price index (CPI) was 0,2%. Transport, food   read more »

The annual change in the consumer price index (CPI) in August was 4,9%. This was slightly higher than July’s increase of 4,6% and identical to the reading in June. This is the fourth consecutive month where the annual increase is higher than the midpoint (4,5%) of the South African Reserve Bank’s monetary policy target range.   read more »

Annual consumer price inflation edged lower to 4,6% in July from 4,9% in June and 5,2% in May. The monthly increase in the consumer price index (CPI) in July was 1,1%, the highest monthly jump since July 2020 when the CPI increased by 1,3%. The primary drivers behind the monthly rise were alcoholic beverages, housing   read more »

Annual consumer inflation eased to 4,9% in June after recording a 30-month high of 5,2% in May. The monthly increase in the consumer price index (CPI) was 0,2%, up from 0,1% in May but lower than the 0,5% rise recorded between May and June 2020. If annual consumer inflation is recalculated with the exclusion of   read more »