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 »
Education costs continue to outstrip inflation
It is often said that an investment in knowledge pays the best interest. A good education is worth its weight in gold, but recent figures released by Stats SA indicate that South African households will have to make more room in their budgets to pay for rising tuition fees. Stats SA updates education inflation figures read more »
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%
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 »
Inflation for July slowed to 6,3%
The annual inflation rate slowed to 6,3% in July from the 6,6% registered in the preceding two months. Most municipalities introduce new tariffs in July each year resulting in housing and utilities contributing 0,5 of the 0,8% monthly increase in the CPI. Electricity tariffs increased 7,0%, slightly lower than the maximum 7,4% stipulated by NERSA, the read more »
Inflation at 6,1%, outside the SARB inflation target range
The headline inflation rate continues to increase, printing at 6,1% in April with a 0,5% monthly increase. The big driver of the monthly increase is food and non-alcoholic beverages prices which registered a monthly increase of 1,3%. Within food, meat (2,0% month-on-month), and particularly beef (4,2% m/m) prices have accelerated. Maize, which is another heavily read more »
Inflation at 6%, hitting the ceiling of the SARB inflation target range
Hitting the ceiling of the South African Reserve Bank (SARB) inflation target range, the CPI comes in at 6% this month, with a 1,3% monthly increase. The monthly increase is the largest since June 2008 (1,4%). The monthly increase has been steadily increasing since a low of 0,1% in November 2013. Food and non-alcoholic beverages read more »
Holiday inflation above average
If you were fortunate enough to go away during the December holidays, January may be the time you look back on how much it all cost you. CPI inflation for December 2013 was 5,4%, slightly higher than the 5,3% of November 2013. But most of the specific holiday costs are showing inflation rates above this average. If you read more »
Inflation up to 6,3%
The annual inflation rate jumped to 6,3% in July from the 5,5% recorded in June. This is the first time since April 2012 that the CPI has strayed outside of the inflation target band. The increase in the annual rate was almost totally due to the 84c/l increase in the petrol price which resulted in read more »
Economic wrap-up for October 2023
Stats SA published 25 statistical releases in October. Here is a quick overview of key economic indicators shaping the South African economy. Consumer inflation rises for a second consecutive month Inflation worries were stoked once again in September. The consumer price index (CPI), which reflects the changes in prices of a representative basket of goods read more »