Inflation for September down to 5,9%
The annual inflation rate dropped to 5,9% in September from 6,4% in August. This is the first month since February that it is below the ceiling of the Reserve Bank’s target. The 0,5% drop in the rate was largely because of a 67c/l drop in the petrol price. This is equivalent to a decrease of read more »
Inflation for August slightly up to 6,4%
Consumer inflation (headline CPI) edged up slightly to 6,4% in August compared with July’s reading of 6,3%. The increase was mainly a result of upward pressure from food and motor vehicle prices. Annual food and beverage inflation, which registered 8,8% in June and July, climbed to 9,4% in August. Food inflation has been increasing since 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 for June unchanged
Annual consumer inflation for June was steady at 6,6%, with a monthly increase of 0,3%. Food and non-alcoholic beverages prices increased by a modest 0,1% between May and June resulting in an unchanged 8,8% annual rate. Specific food items which continue to exert upward pressure on inflation are white bread (monthly increase of 1,9%) and full cream read more »
Highest inflation in almost five years
Inflation hits 6,6% in May 2014, the highest rate in almost five years (6,8% in July 2009). The monthly increase is a modest 0,2%. The big jump in the annual rate is mainly as a result of a drop of 0,3% in the index in May 2013. This drop was mainly a result of a 73c/l 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 »
Inflation just under the South African Reserve Bank (SARB) target ceiling
Consumer inflation edged up to 5,9% in February, just under the SARB target ceiling of 6%, from the 5,8% recorded in January. The monthly increase was 1,1%. There were three main groups contributing to the upward pressure this month – food, petrol and health insurance. Food and non-alcoholic beverages inflation increased to 5,4%, from 3,5% read more »
Petrol and food prices push inflation higher in January
2014 kicked off with an acceleration in the inflation rate to 5,8% from the 5,4% recorded in December last year. A 3% monthly increase in the petrol price was the biggest factor driving the change. Annual petrol inflation now stands at just under 15%. Food prices rose by 1,6% between December and January, mainly driven 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 »