Inflation edges up as food and drink prices bite
Annual consumer inflation hit a seven-month high in October, driven largely by rising prices for food and non-alcoholic beverages. Headline inflation was 3,3%, the biggest annual rise since March when the rate was 4,1%. The monthly increase in October was 0,3%, edging up from 0,2% recorded in both September and August. Food and drink inflation read more »
Consumer inflation slightly down in August
Annual CPI inflation pulled back slightly in August, easing to 3,1% from 3,2% in July. The monthly increase in prices was 0,2%. This is slightly lower than the average monthly change of 0,3% over the past year and lower than the 3-month average of 0,4%. Transport was the most significant contributor to the 0,2% monthly read more »
Consumer inflation rises to four-month high
Annual CPI inflation quickened to 3,2% in July from 2,2% in June as lockdown restrictions continued to ease. The monthly increase was 1,3%, the biggest monthly rise since February 2016 when the rate was 1,4%. The monthly move in July was driven largely by fuel prices and municipal tariffs. Motorists felt some pain as the read more »
COVID-19: Deflation of essential product prices during Level 5 lockdown
The prices of essential products decreased by 0,5% during the COVID‑19 Level 5 lockdown in April. The index increased in the first week of April but then dropped in each of the three successive weeks. The change in the week 23‒30 April was -0,7%. This is the final report of the weekly essential products price read more »
COVID-19: Stats SA speeds up the monitoring of consumer prices
When the COVID-19 lockdown went into effect on 27 March, the range of products available to households for purchase was restricted to a set of defined essential goods and services. Since the beginning of the lockdown, Stats SA has been measuring price changes for those essential goods that appear in the Consumer Price Index (CPI) read more »
Making rands and sense of price data
How much do South Africans pay for groceries? Stats SA has released a list with prices of 191 popular retail items with data going back to 2017. The list holds some surprises. Pulled from that list, each item in the graphic below has its own unique story. The national average price of a loaf of read more »
Falling fuel prices drag inflation down
Consumer inflation dropped to 4,0% in January 2019 from 4,5% in December 2018. This is the lowest annual rate since March 2018, when headline inflation came in at 3,8%. The actual index level is now lower than it was in October 2018, according to Stats SA’s latest Consumer Price Index release1. This means that, on average, read more »
Fuel inflation remains in double-digit territory as prices rise
It might sound like an anecdote from a reminiscing grandparent, that there was a time you could completely fill your petrol tank (45 litres) with just R270. Those good old days weren’t that long ago, actually. The price of inland 95-octane petrol fell to a low of R6,01 in January 2009 on the back of tumbling read more »
Digging deeper into your pocket? These prices might be to blame
Does that braai pack feel a bit expensive? If you’ve recently noticed a rise in meat prices, then you’re not alone. Let’s take a closer look at that, as well as other items in the consumer price index with inflation higher than South Africa’s inflation target of 3–6% that is used for monetary policy. In read more »
Falling prices: the good, the better, and the best
It’s hard to believe. It goes against what we often hear. Whether chatting with friends around the braai or debating with family at the dinner table, almost everyone has a story to tell about their own experiences with rising prices. Surprisingly, data show that there are in fact items that are cheaper now than they read more »