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Inflation rises for a second consecutive month as food prices bite

Inflation rises for a second consecutive month as food prices bite

Headline consumer inflation edged higher to 7,1% in March from 7,0% in February and 6,9% in January. The monthly change in the consumer price index (CPI) was 1,0% in March, the most significant monthly rise since July 2022 when it was 1,5%. Food & non-alcoholic beverages and transport were the main drivers behind the annual   read more »


Inflation rises for the first time since October

Inflation rises for the first time since October

Annual consumer inflation rose for the first time in four months, edging to 7,0% in February from 6,9% in January. Food and non-alcoholic beverages and transport were the main contributors to the inflation rate in February. The consumer price index (CPI) rose by 0,7% between January and February, representing the largest monthly increase since July   read more »


Inflation cools to 6,9%

Inflation cools to 6,9%

Annual consumer inflation slowed for the third consecutive month, decreasing to 6,9% in January from 7,2% in December. A notable fall in the price of fuel was the biggest factor behind the dip in the headline rate. Food inflation, on the other hand, continues to accelerate. The consumer price index (CPI) declined by 0,1% between   read more »


2022: A rocky road for product prices

2022: A rocky road for product prices

Consumer inflation hit its highest level in 13 years during 2022. The average inflation rate for the year (6,9%) hides the differences in timing and extent of price increases for different product groups. Transport and food & non-alcoholic beverages (NAB) had the biggest impact on overall inflation. Breaking the year down, the headline rate was   read more »


Inflation softens for a second month

Inflation softens for a second month

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 »


Inflation softens to 7,4%

Inflation softens to 7,4%

Consumer price inflation moderated slightly in November to 7,4% from 7,6% in October. The monthly change in the consumer price index (CPI) was 0,3% in November, slightly lower than the 0,4% recorded in October. The three categories with the highest annual inflation rates in November were transport (15,3%), food & non-alcoholic beverages (NAB) (12,5%) and   read more »


Inflation inches higher in October

Inflation inches higher in October

Consumer price inflation picked up slightly in October, rising to 7,6% from 7,5% in September. The monthly increase in the consumer price index (CPI) was 0,4%, up from 0,1%. Bread & cereals, meat and dairy drive food prices higher The annual rate for food and non-alcoholic beverages edged higher to 12,0% from 11,9% in September.   read more »


South Africa’s Income & Expenditure Survey Takes Off

Household income and expenditure surveys are an essential component to a healthy data ecosystem and critical for economic and developmental planning and decision-making. Statistical agencies like Statistics South Africa (Stats SA) use these surveys to inform the measurement of inflation and to better understand a country’s household economy and living conditions. “Out of every R1   read more »


The state of the electricity, gas & water supply industry (2021)

The state of the electricity, gas & water supply industry (2021)

National electricity supply has been the cause of intense concern for many years. Stats SA’s latest detailed survey of the industry provides updated data on finances, production and employment. Covering electricity, gas and water supply in the formal economy, the 2021 survey continues on from similar surveys conducted in 2006, 2010, 2013, 2016 and 2019.   read more »


FOR IMMEDIATE RELEASE

 MEDIA RELEASE                                                                                        01 November 2022 FOR IMMEDIATE RELEASE Stats SA will commence with data collection operations for the country’s fifth large-scale Income & Expenditure Survey (IES) 2022/23 on Monday, 7 November 2022. The year-long data collection phase will run until the end of November 2023.  The IES 2022/23 is a household-based sample survey specifically designed   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 »