Category Archives: Inflation

Inflation for July slowed to 6,3%

Inflation for July slowed to 6,3%

The annual inflation rate slowed to 6,3% in July from the 6,6% registered in the preceding two months. Most municipalities introduce new tariffs in July each year resulting in housing and utilities contributing 0,5 of the 0,8% monthly increase in the CPI. Electricity tariffs increased 7,0%, slightly lower than the maximum 7,4% stipulated by NERSA, the   read more »


Inflation for June unchanged

Inflation for June unchanged

Annual consumer inflation for June was steady at 6,6%, with a monthly increase of 0,3%. Food and non-alcoholic beverages prices increased by a modest 0,1% between May and June resulting in an unchanged 8,8% annual rate.  Specific food items which continue to exert upward pressure on inflation are white bread (monthly increase of 1,9%) and full cream   read more »


Highest inflation in almost five years

Highest inflation in almost five years

Inflation hits 6,6% in May 2014, the highest rate in almost five years (6,8% in July 2009).  The monthly increase is a modest 0,2%. The big jump in the annual rate is mainly as a result of a drop of 0,3% in the index in May 2013. This drop was mainly a result of a 73c/l   read more »


Inflation at 6,1%, outside the SARB inflation target range

Inflation at 6,1%, outside the SARB inflation target range

The headline inflation rate continues to increase, printing at 6,1% in April with a 0,5% monthly increase. The big driver of the monthly increase is food and non-alcoholic beverages prices which registered a monthly increase of 1,3%. Within food, meat (2,0% month-on-month), and particularly beef (4,2% m/m) prices have accelerated. Maize, which is another heavily   read more »


Inflation at 6%, hitting the ceiling of the SARB inflation target range

Inflation at 6%, hitting the ceiling of the SARB inflation target range

Hitting the ceiling of the South African Reserve Bank (SARB) inflation target range, the CPI comes in at 6% this month, with a 1,3% monthly increase. The monthly increase is the largest since June 2008 (1,4%). The monthly increase has been steadily increasing since a low of 0,1% in November 2013. Food and non-alcoholic beverages   read more »


Inflation just under the South African Reserve Bank (SARB) target ceiling

Inflation just under the South African Reserve Bank (SARB) target ceiling

Consumer inflation edged up to 5,9% in February, just under the SARB target ceiling of 6%, from the 5,8% recorded in January. The monthly increase was 1,1%. There were three main groups contributing to the upward pressure this month – food, petrol and health insurance. Food and non-alcoholic beverages inflation increased to 5,4%, from 3,5%    read more »


Petrol and food prices push inflation higher in January

Petrol and food prices push inflation higher in January

2014 kicked off with an acceleration in the inflation rate to 5,8% from the 5,4% recorded in December last year.  A 3% monthly increase in the petrol price was the biggest factor driving the change.  Annual petrol inflation now stands at just under 15%. Food prices rose by 1,6% between December and January, mainly driven   read more »


Holiday inflation above average

Holiday inflation above average

If you were fortunate enough to go away during the December holidays, January may be the time you look back on how much it all cost you. CPI inflation for December 2013 was 5,4%, slightly higher than the 5,3% of November 2013. But most of the specific holiday costs are showing inflation rates above this average. If you   read more »


Petrol price decrease puts brake on inflation

Petrol price decrease puts brake on inflation

CPI inflation registered its third successive decrease in November 2013, printing at 5,3% against October’s 5,5%. The monthly increase in the CPI was a mild 0,1%. The drop of 28c/l in the petrol price was the main cause of the slowdown in inflation in November 2013 together with decreases in certain cell phone call and   read more »


PPI down slightly in October

PPI down slightly in October

Subdued monthly price increases led the annual Producer Price Index (PPI) for final manufactured goods (headline PPI) to drop to 6,3% in October from 6,7% in September and August 2013. The monthly figure increased by 0,5% – up slightly from the 0,4% increase in September and lower than the 0,9% in October 2012. The two   read more »