Category Archives: Inflation

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 »


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 »


Producer inflation dips below 6% in December

Producer inflation dips below 6% in December

Sharp decreases in the prices of manufactured petroleum products drove producer inflation down, from 6,5% year-on-year in November to 5,8% in December. However, there were noticeable increases in year-on-year prices for meat, tobacco and dairy products. Stats SA’s latest Producer Price Index publication, released on Thursday, 29 January 2015, shows that prices for final manufactured   read more »


CPI inflation slows in December

CPI inflation slows in December

Annual CPI inflation dropped to 5,3% in December 2014 from 5,8% in November 2014. Petrol and food prices, which are key drivers of changes in the CPI, both showed lower annual inflation rates. Food inflation continued its slowing trend with a 7,4% annual rate compared to 7,7% in November 2014. The main drivers of the   read more »


CPI inflation drops to 5,8%

CPI inflation drops to 5,8%

Annual CPI inflation dropped to 5,8% in November 2014 from 5,9% in October.  Petrol and food prices, which are key drivers of changes in the CPI both showed lower annual inflation rates.  Food inflation continued its slowing trend with a 7,7% annual rate compared to 8% in October.  The main drivers of the steadily declining   read more »


Boozy inflation steady on its feet

Boozy inflation steady on its feet

The headline inflation rate was steady at 5,9% in October 2014.  A 2,6% monthly increase in the price of beer was the main driver of the 0,2% change in the headline CPI between September and October.  For the first time, consumers now pay an average of R50 for a six pack of 340ml cans of locally made beer. Wine   read more »


PPI further down in September

Subdued monthly Producer price index (PPI) in September led the annual PPI for final manufactured goods (headline PPI) to drop to 6,9% from 7,2% in August. Food products, beverages and tobacco products remain the main contributors to the annual PPI. Monthly PPI for agriculture increased with 3,2% in September due to higher prices of live   read more »


Inflation for September down to 5,9%

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 »


Meat prices beefing up the cost of Braai Day

Meat prices beefing up the cost of Braai Day

Patrick Kelly – Executive manager for Price statistics, Statistics South Africa, explores the true cost of ‘Braai Day’. South Africans love meat. This is obvious from our cultural affinity for a braai or ShisaNyama. Many celebrated ‘Braai Day’ on this week’s Heritage Day holiday. This importance is also evident from the prominence of meat products   read more »


Inflation for August slightly up to 6,4%

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 »