Category Archives: Economy Data Stories

Drink and diesel: The Budget Speech and consumer inflation

Drink and diesel: The Budget Speech and consumer inflation

If you drive a car or enjoy a regular glass of wine, February’s National Budget Speech would have had an impact on your cost of living. The rise in sin taxes and petrol levies announced during the speech influenced prices for alcoholic beverages and petrol, contributing to April’s overall inflation rate of 4,5%. The Minister   read more »


Education costs continue to outstrip inflation

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 »


The importance of tracking prices: the case of petrol

The importance of tracking prices: the case of petrol

Changing fuel prices affect us all. With the recent downward trend in prices seemingly coming to an end, South Africans are again left wondering how the petrol price will affect their pockets. Consumer inflation data released today1 provide an indication of the impact that the recent period of low petrol prices had on the cost   read more »


Producer inflation continues to fall

Producer inflation continues to fall

Headline producer inflation, which measures the change in prices of final manufactured goods, has continued to decline. The annual rate fell to 3,5% in January 2015, down from 5,8% in December 2014 and a peak of 8,8% in April 2014. Falling prices for coal and petroleum products continued to drive producer inflation down, while higher   read more »


Economic growth slows in 2014

Economic growth slows in 2014

South Africa’s economy grew by 1,5% in 2014, down from 2,2% in 2013, according to preliminary estimates of real gross domestic product (GDP) released by Stats SA. Eight of the ten industry groups experienced some growth during the year, while two industries shrank in size. The industry that grew the fastest in 2014 was agriculture1,   read more »


Retail sector growth losing steam

Retail sector growth losing steam

Business was more favourable during the recent Christmas season when compared with December 2013, with retail sales increasing by 3,4% in real terms. However, despite better sales during the festive period, the longer-term pattern reveals a slowdown in growth over the last three years. After falling by 3,2% in real terms in 2009 (largely the   read more »


CPI drops to levels last seen in 2011

CPI drops to levels last seen in 2011

Annual CPI inflation dropped to 4,4% in January 2015 from 5,3% in December 2014, the lowest since April 2011, when the CPI stood at 4,2%. Key drivers pulling the CPI down were petrol and food. The 127c/l drop in the price of petrol in January further contributed to the decline in the CPI for petrol,   read more »


Drop in mining production between 2013 and 2014

Drop in mining production between 2013 and 2014

Mining production decreased by 1,5% in 2014 compared with 2013. The negative outcome was largely the result of declines in platinum group metals (PGMs) (‑28,7%) and gold (‑5,1%). Iron ore production grew by 12,6% in 2014 and coal grew by 2,0%. The sharp decline in PGMs in 2014 was the result of widespread strikes in   read more »


Manufacturing production flat in 2014

Manufacturing production flat in 2014

South Africa’s manufacturing industry is dominated by three sectors, namely food & beverages, petroleum & chemical products1, and metals & machinery2. Together these three sectors account for two thirds of total manufacturing production. Manufacturing production showed very little change in 2014 compared with 2013. Stats SA’s preliminary estimate recorded a slight contraction of 0,1%, following   read more »


Electricity production declining

Electricity production declining

Less electricity was generated in South Africa in 2014 compared with 2013. Recent data show that national electricity production has been in decline after peaking in 2011, highlighting the country’s continued struggle to keep the lights on. The latest Electricity produced and available for distribution publication, released by Stats SA on Thursday, 5 February 2014,   read more »