Category Archives: Inflation

Consumer inflation edges up in August

Consumer inflation edges up in August

The annual change in the consumer price index (CPI) in August was 4,9%. This was slightly higher than July’s increase of 4,6% and identical to the reading in June. This is the fourth consecutive month where the annual increase is higher than the midpoint (4,5%) of the South African Reserve Bank’s monetary policy target range.   read more »


Inflation softens for a second month

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 »


CPI inflation edges lower in June

CPI inflation edges lower in June

Annual consumer inflation eased to 4,9% in June after recording a 30-month high of 5,2% in May. The monthly increase in the consumer price index (CPI) was 0,2%, up from 0,1% in May but lower than the 0,5% rise recorded between May and June 2020. If annual consumer inflation is recalculated with the exclusion of   read more »


Consumer inflation quickens to a 30-month high

Consumer inflation quickens to a 30-month high

Annual headline inflation climbed above the 4,5% midpoint of the South African Reserve Bank’s monetary policy target range, accelerating to 5,2% in May from 4,4% in April. This is the highest reading since November 2018 when the rate was also 5,2%. The 5,2% annual change in May comes off a low base recorded in May   read more »


Consumer price inflation hits a 14-month high

Consumer price inflation hits a 14-month high

Annual headline inflation jumped to 4,4% in April from 3,2% in March, mainly driven by rising transport and food prices. This is the highest reading since before the lockdown, which was 4,6% in February 2020. Over the last 14 months, consumer price inflation was relatively subdued throughout the lockdown. The lockdown began on 27 March   read more »


Education inflation the lowest in 30 years

Education inflation the lowest in 30 years

Education inflation recorded its lowest annual rate in three decades, according to data from Stats SA’s latest Consumer Price Index (CPI) release. Stats SA surveys educational institutions and crèches once a year in March. Education fees increased by 4,1% in 2021. Last year’s rise was 6,4%. Historical data shows that this is the lowest increase   read more »


Annual consumer inflation slows to an eight-month low

Annual consumer inflation slows to an eight-month low

Headline inflation slowed to 2,9% in February from 3,2% in January, the lowest reading since June last year when the rate was 2,2%. This is the third time in the past 12 months that the annual rate has slipped below the bottom end of the South African Reserve Bank’s inflation target range. Inflation was below   read more »


Reweighting and rebasing of the producer price index

19 February 2021 The producer price indices (PPIs) for January 2021 will reflect updates to the basket and weights, and will be rebased to December 2020 = 100. Tracking price changes of locally produced goods, the PPIs cover the following industries: manufacturing; water and electricity; mining and quarrying; and agriculture, forestry and fishing. Industry-level weights   read more »


Inflation remains low in January

The annual rate of consumer inflation was 3,2% in January, slightly up from December’s reading of 3,1%. The monthly increase in the consumer price index was 0,3%, following 0,2% between November and December. The monthly changes in the CPI have remained within a range of 0% to 0,3% since August 2020. Food and non-alcoholic beverages,   read more »


Love it or hate it – the rand turns 60

Love it or hate it – the rand turns 60

While many couples will be celebrating Valentine’s Day this Sunday, 14 February, historians may have a different take on the day. 14 February 2021 is the 60th anniversary of the introduction of the rand as South Africa’s currency. Following the adoption of recommendations of the Decimal Coinage Commission in 1958, the British-styled pounds, shillings and   read more »