The annual Consumer Price Index (CPI) eased to 5.9% in August 2016, Statistics South Africa (Stats SA) announced on Wednesday. "Headline inflation decreased to 5.9% for August 2016. That is 0.1% down on the 6% recorded in July," said Joe de Beer Deputy Director General at Stats SA. Contributors to the annual change of 5.9% in CPI were food and non-alcoholic beverages at 1.7%, housing and utilities at 1.4% and miscellaneous goods and services at 1.1%, among others. Food and non-alcoholic … [Read more...] about CPI Eases
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CPI up to 5%
The Consumer Price Index (CPI) rose to 5% in July 2015, Statistics South Africa (Stats SA) said on Wednesday. "The headline CPI annual inflation rate in July 2015 was 5%. This rate was 0.3 of a percentage point higher than the corresponding annual rate of 4.7% in June 2015," said Stats SA. According to Stats SA, the food and non-alcoholic beverages index increased by 0.1% between June 2015 and July 2015. The housing and utilities index increased by 3.1% between June 2015 and July … [Read more...] about CPI up to 5%
November CPI eases to 5.8%
The Consumer Price Index (CPI) eased to 5.8% year-on-year in November in line with market expectation. “The headline CPI (for all urban areas) annual inflation rate in November 2014 was 5.8%. This rate was 0.1 of a percentage point lower than the corresponding annual rate of 5.9% in October 2014,” said Statistics South Africa (Stats SA) on Wednesday. The food and non-alcoholic beverages index increased by 0.6% between October 2014 and November 2014. The transport index decreased by 1.2% … [Read more...] about November CPI eases to 5.8%
Inflation up 0.8% on June 2014
South Africa's Consumer Price Index (CPI) moderated to 6.3% year-on-year in July, Statistics South Africa (Stats SA) said on Wednesday. In July, CPI continued to breach the 3% - 6% target range of the Reserve Bank, though at a lower rate than the 6.6% recorded in June 2014. According to Stats SA, the food and non-alcoholic beverages index was unchanged in July 2014, while the housing and utilities index increased by 2.1% between June and July 2014. On a month-on-month basis, inflation … [Read more...] about Inflation up 0.8% on June 2014
CPI unchanged in June
The Consumer Price Index (CPI) came in unchanged at 6.6% in June, Statistics South Africa (Stats SA) said on Wednesday. "The headline CPI (for all urban areas) annual inflation rate in June 2014 was 6.6%. This rate was the same as the corresponding annual rate of 6.6% in May 2014," said Stats SA. Between May and June, prices increased by 0.3%. According to Stats SA, the food and non-alcoholic beverages index increased by 0.1% between May and June 2014. The annual rate was the same as … [Read more...] about CPI unchanged in June
CPI rises to 6.6% in May
The Consumer Price Index (CPI) rose to 6.6% in May breaching the Reserve Bank's inflation target range for a second month in a row, Statistics South Africa (Stats SA) announced today. The CPI came in at 6.1% in April breaching the central bank's 3 to 6% inflation target range. According to Stats SA, the food and non-alcoholic beverages index rose by 0.9%, while the annual rate increased to 8.8%. Market consensus was for CPI to come in at 6.5%. "We expect inflation to remain elevated … [Read more...] about CPI rises to 6.6% in May
CPI breaches inflation target
The Consumer Price Index (CPI) in April rose to 6.1% - breaching the Reserve Bank's inflation target range. "Headline CPI annual inflation rate in April 2014 was 6.1%. This rate was 0.1 of a percentage point higher than the corresponding annual rate of 6% in March 2014," Statistics South Africa (Stats SA) said on Wednesday. According to Stats SA, prices rose by 0.5 % on average between March and April 2014. The food and non-alcoholic beverages index rose by 1.3% between March and April, … [Read more...] about CPI breaches inflation target
February CPI rises to 5.9%
The Consumer Price Index (CPI) rate rose to 5.9% in February, Statistics South Africa (Stats SA) said today. In January CPI - which the South African Reserve Bank (SARB) uses to target inflation - rose to 5.8%. The Reserve Bank targets inflation between 3% and 6%. Wednesday's data was in line with market expectations. On average, prices increased by 1.1% between January 2014 and February 2014, Stats SA said. On a monthly basis, prices rose by 1.1%, mainly pushed up by the … [Read more...] about February CPI rises to 5.9%
CPI slows to 5.5% in October
The Consumer Price Index (CPI) slowed to 5.5% year-on-year in October, falling lower than market expectation. Statistics South Africa (Stats SA) released the data on Wednesday. Market expectation was that CPI would fall to 5.7% in October, down from the 6% recorded in September. According to Stats SA, prices increased by 0.2% between September and October 2013. The food and non-alcoholic beverages index increased by 0.9% between September and October 2013, while the transport index … [Read more...] about CPI slows to 5.5% in October
CPI slows in September
The Consumer Price Index (CPI) eased to 6% in September, Statistics South Africa (Stats SA) said today. CPI rose to 6% year-on-year in September after rising to 6.4% in August. The 6.4% rise was above the Reserve Bank's target range of between 3% and 6%. The figure was in line with market expectation. "On average, prices increased by 0.5% between August 2013 and September 2013," said Stats SA. The food and non-alcoholic beverages index decreased to 5.9% in September 2013 from 7.1% in … [Read more...] about CPI slows in September
CPI breaches target range
The Consumer Price Index (CPI) came in at 6.3% year-on-year in July, Statistics South Africa (Stats SA) said on Wednesday. CPI breached the Reserve Bank's inflation target range of between 3% and 6%. In June, CPI came in at 5.5%. On an annual basis, the main drivers of inflation were housing and utilities (1.4%), transport (1.3%), miscellaneous goods and services (1.1%) and food and non-alcoholic beverages (1%). Nedbank economists said that market expectation had been for inflation to … [Read more...] about CPI breaches target range
June CPI rises to 5.5%
The Consumer Price Index (CPI) rose to 5.5% in June, Statistics South Africa (Stats SA) announced on Wednesday. "This rate was 0.1 of a percentage point lower than the corresponding annual rate of 5.6% in May 2013," said Stats SA. Market expectation was for CPI - used to measure inflation - to come in at 5.7%. Nedbank said: "The downside surprise relative to our forecast stemmed from very subdued food prices. Prices in the food and non-alcoholic beverages category increased by 0.1 % … [Read more...] about June CPI rises to 5.5%
CPI slows to 5.6% in May
The Consumer Price Index (CPI) slowed to 5.6% year-on-year in May, Statistics South Africa (Stats SA) said on Wednesday. CPI which the South African Reserve Bank (SARB) uses to target inflation had been in the upper range of the 3 to 6 percent range for three consecutive months. "The headline CPI annual inflation rate in May 2013 was 5.6%. This rate was 0.3 of a percentage point lower than the corresponding annual rate of 5.9% in April 2013. On average, prices decreased by 0.3% between … [Read more...] about CPI slows to 5.6% in May
CPI unchanged in April
The Consumer Price Index (CPI) in April remained unchanged at 5.9% year-on-year, Statistics South Africa (Stats SA) said on Wednesday. "Headline CPI in April 2013 was 5.9%. This rate was the same as the corresponding annual rate of 5.9% in March 2013," said Stats SA. Analysts had expected CPI to come in at 5.7%. In a research note earlier, Standard Bank economist Shireen Darmalingam said the bank estimated that CPI would rise to 5.8% year-on-year. "CPI has been on an upward … [Read more...] about CPI unchanged in April
CPI rises to 5.7% in December
The Consumer Price Index (CPI) rose to 5.7% in December, up from 5.6% in November, Statistics South Africa (Stats SA) said on Wednesday. Month-on-month average prices increased by 0.2% between November and December. The food and non-alcoholic beverages index increased by 0.2% between November and December. The following food and non-alcoholic beverages index increased: fruit (4.9%), milk, eggs and cheese (0.8%), hot beverages (0.8%), cold beverages (0.8%), oils and fats (0.7%), meat … [Read more...] about CPI rises to 5.7% in December
