Category Archives: Inflation

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 »


Inflation for 2020 was the lowest in 16 years and the second lowest in 51 years

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 »


Consumer inflation dips slightly lower to 3,2%

Consumer inflation dips slightly lower to 3,2%

Annual consumer inflation retreated slightly in November, to 3,2% from 3,3% in October. There was no monthly change in the index. Food and non-alcoholic beverage prices continued to climb, recording an aggregate annual increase of 5,8%, up from 5,4% in October. Food inflation contributed 1,0 percentage point to November’s headline rate of 3,2%. There were   read more »


GDP rallies as lockdown restrictions ease

GDP rallies as lockdown restrictions ease

South Africa’s economy rebounded in the third quarter of 2020 (July–September), coinciding with the easing of COVID-19 lockdown restrictions. All industries recorded an increase in economic activity compared with the second quarter, with manufacturing, trade and mining leading the charge. Businesses were supported by an increase in both exports and household spending. Gross domestic product   read more »


Inflation edges up as food and drink prices bite

Inflation edges up as food and drink prices bite

Annual consumer inflation hit a seven-month high in October, driven largely by rising prices for food and non-alcoholic beverages. Headline inflation was 3,3%, the biggest annual rise since March when the rate was 4,1%. The monthly increase in October was 0,3%, edging up from 0,2% recorded in both September and August. Food and drink inflation   read more »


Inflation falls to a three-month low

Inflation falls to a three-month low

South Africa’s annual inflation rate was 3,0% in September, lower than the rates recorded in July (3,2%) and August (3,1%). The change in the consumer price index between August 2020 and September 2020 was 0,2%, identical to the reading in the previous month. The alcoholic beverages and tobacco division was the main reason for the   read more »