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 »

Annual CPI inflation was 2,2% in June, slightly up from 2,1% in May. The monthly increase was 0,5% – a reversal of the -0,6% recorded between April and May. The dominance of fuel price changes recorded in the previous few months continued in June. Fuel prices increased by 7,5% from May to June, with petrol   read more »

Annual consumer price inflation fell to its lowest reading since September 2004, dragged lower mainly by falling fuel prices. The Consumer Price Index (CPI), which measures the prices of a range of consumer goods and services, increased by 2,1% in May 2020 compared with May 2019. The reading for September 2004, 15 years and eight   read more »

Annual CPI inflation for April reflects the impact of the first month of the COVID-19 lockdown. The rate dropped to 3,0% in April from 4,1% in March, the lowest reading since June 2005 when the rate was 2,8%. Consumer inflation is now at the bottom of the South African Reserve Bank (SARB) target range of   read more »

Annual CPI inflation nudged lower to 4,1% in March from February’s reading of 4,6%. There were two key features of the CPI in March: the incorporation of fee data from educational institutions (including crèches) and the effect of the latest increases in excise tariffs. Tuition fees are surveyed once a year in March. On average,   read more »

South Africa’s annual inflation rate nudged up to 4,6% in February from January’s 4,5%, inching past the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The last time the inflation rate was above the midpoint was in November 2018 when the rate was 5,2%. The monthly shift in consumer prices –   read more »

South Africa’s annual inflation rate was 4,5% in January, higher than that recorded in December (4,0%) and November (3,6%). This places inflation right on the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range. The main contributors to the 4,5% rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous   read more »

Annual consumer inflation edged up to 4,0% in December from November’s 3,6%. The main contributors to the 4,0% rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services. The food and non-alcoholic beverages category recorded an annual rate of 3,9%, slightly higher than the 3,5% recorded in November. Bread and   read more »

Annual inflation eased further in November, falling to 3,6% from October’s 3,7%. This is the third successive month of disinflation, which means that the pace of price increases is slowing down. November’s reading is the lowest since December 2010 when the rate was 3,5%. The highest rate recorded since December 2010 was 7,0% in February   read more »

Annual consumer inflation continued its downward streak, dropping to 3,7% in October from 4,1% in September. October’s reading is the lowest since February 2011 when the annual rate was also 3,7%. Consumers can breathe a sigh of relief at this news, as the prices of many goods and services are increasing at a much slower   read more »