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 »
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 »
Inflation cools for a second month
Annual consumer price inflation slowed to 7,5% in September from 7,6% in August, edging further down from the 13-year high of 7,8% recorded in July. Fuel prices declined for a second consecutive month, contributing to the softer headline rate. The monthly change in the consumer price index (CPI) for September was 0,1%, lower than 0,2% read more »
MEDIA RELEASE
MEDIA RELEASEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 18 September 2022 FOR IMMEDIATE RELEASE Stats SA prepares to collect comprehensive information on household income and expenditure by visiting over 31 000 dwelling units across the country during the Income & Expenditure Survey (IES 2022/23). The IES 2022/23 is a household-based sample survey specifically designed to collect detailed household income and expenditure read more »
Municipal finances and electricity: 11 years in perspective
Rising prices are hitting consumers hard, and the cost of electricity is no different. Municipalities play a significant role in the distribution of electricity in South Africa. Acting mostly as intermediaries, municipalities buy electricity from Eskom and then resell it to businesses, homes and other institutions. Eskom tariffs and purchases and sales of electricity A read more »
Transport costs continue to drive inflation higher
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 »
Gin is in and DVD players are ejected as Stats SA updates the inflation basket
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 »
Statistics South Africa to publish new CPI weights and changes to the basket of goods and services
MEDIA ADVISORYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 27 January 2022 Statistics South Africa to publish new CPI weights and changes to the basket of goods and services Statistics South Africa (Stats SA) will publish new weights for the Consumer Price Index (CPI), together with changes to the CPI basket of goods and services, at a virtual media briefing to be read more »
Inflation softens for a second month
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 »