Media statement: The incorporation of lottery price changes into the CPI
Media statement                                   15  September 2016  Media statement on the incorporation of lottery price changes into the CPI On Monday, 13 September 2016, Statistics South Africa announced through a note on its website, that recent price increases in lottery tickets would be incorporated into the August Consumer price index (CPI) release, due out on read more »

Taking stock of food prices
Many have commented on South Africa’s drought and how rapidly food prices have been rising. The latest release of Stats SA’s Consumer Price Index (CPI) unpacks the South African food basket to examine which items might be contributing to your rising grocery bill. Imagine a basket sitting in front you, filled with a range of read more »

Rising food prices: where are the most vulnerable?
A growing number of forecasts reveal that food prices might rise sharply in coming months. Survey data show which parts of the country are most vulnerable. Current data point to an agriculture industry that is struggling. During November 2015, in the midst of South Africa’s worst drought in 23 years, Stats SA released gross domestic read more »

Enjoy your pint, but be aware of price…
If you are thinking of celebrating international beer day on 7 August 2015 with your favourite pint, take a few moments to consider how this beverage might affect your pocket. South Africans love their beer. Households allocated 60% of their expenditure on alcoholic beverages to this type of drink, followed by wine (23%) and spirits read more »

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 »

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 »
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
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 »

Inflation for 2020 was the lowest in 16 years and the second lowest in 51 years
The December 2020 Consumer Price Index (CPI) release concludes the data points for the entire calendar year. The average annual inflation rate for 2020 was 3,3%. This is the lowest annual average rate since 2004 (1,4%) and the second lowest since 1969 (3,0%). One of the reasons for low inflation in 2004, according to the read more »

What does government spend money on?
A recent release from Stats SA provides a breakdown of financial data from all 708 institutions in government. This article provides an overview of what government spent money on in 2018/19, with focus on the public service wage bill. South African general government spent R1,79Â trillion in 2018/19, according to the latest Financial statistics of consolidated read more »