Over the twelve months to the December 2021 quarter, the CPI rose 3.5%. MEDIA ADVISORY 27 January 2022 Statistics South Africa to publish new CPI weights and changes to the basket of goods and services Statistics South Africa (Stats SA) will publish new weights for the Consumer Price Index (CPI), together with changes to the CPI basket of goods and services, at a virtual media briefing to be read more » Consumer price inflation ( CPI) edged lower to 2.9% in February 2021, down from 3.2% in January 2021. The Consumer Price Index (CPI) is a measures of the average change in prices over time in a fixed market basket of goods and services. Statistics South Africa has released the consumer price index (CPI) for December, which rose to 5.9 percent year-on-year, compared with 5.5 percent in November. 2021 and 2022, respectively. Food Inflation in South Africa averaged 6.08 percent from 2009 until 2021, reaching an all time high of 15.60 percent in February of 2009 and a record low of 0.60 percent in June of 2010. read more » South Africa inflation rate for 2018 was 4.50%, a 0.68% decline from 2017. Brief Explanation of the CPI . This as Statistics South Africa prepares to release the January inflation figures this week. CPI inflation - current international consumer price index inflation This page shows a summary of the current inflation figures for a large number of countries and regions. Get in touch with us now. According to the 28 January 2022 statement released by the Central Bank, inflation was expected to average 4.4 percent. Growth for 2022 and 2023 at 1.7% and 1.8% respectively are unchanged. The inflation rate is based upon the consumer price index (CPI). Lastly, core inflation rose to 3.5% in January, from the previous month's 3.4%. Inflation cooled to 5.7% in January, down from December's over four-year high of 5.9%. The following table is updated monthly. The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before). The Consumer Price Index for February 2022 is scheduled to be released on Thursday, March 10, 2022 at 8:30 a.m. (ET). The Consumer Price Inflation (CPI) dropped to 5.7% in January 2022 from 5.9% in December 2021. Consumer Price Index, Australia, March 2022 Release date 27/04/2022 11:30am AEST. Data published Monthly by Statistics. • South Africa's Reserve Bank (SARB) does not intervene in currency markets in order to influence the level of the rand. from last month's estimate, and 4.3% in 2023. Those for 2022 remained unchanged read more. South Africa's tax authority has uncovered a 1.8-billion-dollar gold scam, in which coins and jewelry were illegally smelted into gold bars for sale overseas, a watchdog said Thursday. STATISTICS SOUTH AFRICA 3 P0141 Consumer Price Index - July 2021 KEY FINDINGS Headline consumer price index (CPI for all urban areas) Annual consumer price inflation was 4,6% in July 2021, down from 4,9% in June 2021. Read more. By Haris Anwar . GDP refers to the . South Africa economic growth for 2018 was $775.04B, a 0.58% decline from 2017. Technical Note. 2000-Present Consumer Price Index-All Urban Consumers. South Africa - Inflation Data This is the fourth consecutive month where the annual increase is higher than the midpoint (4,5%) of the South African Reserve Bank's monetary policy target range. Now, more than ever, the government and private sector need to work together to improve the country's long-term economic outlook. South Africa inflation rate for 2020 was 3.22%, a 0.9% decline from 2019. The rand floats freely. It lists all the Consumer Price Index (CPI-U) numbers from January 2000 to the Present.The Consumer Price Index (CPI-U) is compiled by the Bureau of Labor Statistics and is based upon a 1982 Base of 100. The statistic depicts South Africa's real gross domestic product (GDP) growth rate from 2016 to 2020, with projections up until 2026. This page provides the latest reported value for - South Africa Food Inflation - plus previous . South Africa Inflation RateJanuary 2022 Data - 1968-2021 Historical. Inflation - summary of current international inflation figures The literal meaning of the word inflation is to blow up or get bigger. The SARB has revised downwards its GDP forecast for the South African economy to 5.2% y/y from 5.3% y/y previously as Q3.21's GDP figure is now projected at -2.5%, notably weaker than September's forecast of -1.2%. Headline CPI forecast has . January's moderation came on the back of declining prices for transport. 25 January 2022. 5:05 PM SAST 02/14/22; . 3 Stocks Sensitive To Inflation As CPI Soars To A 40-Year Peak By Jesse Cohen/Investing.com - Feb 09, 2022 1 Home Depot, Lowe's Weakness Presents Buying Opportunity For Income. Consumer Price Index, Australia, December Quarter 2022 Release date 25/01/2023 11:30am AEDT. South Africa: Inflation eases in January. South Africa economic growth for 2018 was $778.20B, a 0.41% increase from 2018. The rise was particularly marked in the United States, where year-on-year inflation . On a month-on-month basis, December's CPI was also higher at 0.6 percent, compared with 0.5 percent in November. South Africa inflation rate for 2017 was 5.18%, a 1.41% decline from 2016. Inflation is a word which is particularly used in an economic context. The most significant price rises were for New dwelling purchase by owner-occupiers (+4.2%) and Automotive fuel (+6.6% January's moderation came on the back of declining prices for transport. Consumer Price Index in South Africa remained unchanged at 100 index points in January 2022. Data published Monthly by Statistics. Current USA inflation rate. The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before). Projections are based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. Last 5 Days OPEN HIGH LOW . With an average score of 39 out of 100 in the 2021 Corruption Perceptions Index (CPI) for the fourth consecutive year, states across the Middle East and North Africa are struggling to achieve tangible results against corruption. Capitec Bank Holdings Ltd. CPI (South Africa) search. Maluleke says the annual consumer price inflation is expected to decline to around 5.7% in January after climbing to 5.9% in December 2021 - the highest annual rate since March 2017. The emergence of new, potentially This was slightly higher than July's increase of 4,6% and identical to the reading in June. The economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. The maximum level was 120 index points and minimum was 1.2 index points. The CPI shows the average price level of all those goods and services (a fixed basket of goods and services) bought by a typical consumer or household in South Africa changes over time. February 16, 2022. Fast forward to 2021, and the country sits at a dismal 44, the same as last year, dropping one place in rank to 70 out of the now 180 countries. In terms of year-over-year change, the consumer price index (CPI) increased by five percent. Inflation in South Africa accelerated in November 2021, when mainly rising transportation costs prompted a sharp increase. Statistics South Africa has published its latest consumer price index, showing that annual headline inflation jumped to 5.9% in December 2021, up from 5.5% in November 2021. The CPI statistical release for January 2022 will be released on 16 th February 2022 using an updated basket of goods and services and corresponding weights. Expectations for 2021 decreased by 0.1 percentage point (%pts) to 4.5%. Statistics on Consumer Price Index (CPI), food inflation and Harmonised Consumer Prices. On February's CPI, Statistics South Africa said that 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 . The SARB has revised downwards its GDP forecast for the South African economy to 5.2% y/y from 5.3% y/y previously as Q3.21's GDP figure is now projected at -2.5%, notably weaker than September's forecast of -1.2%. The number of people entering employment increased by 5% from October and . January 11, 2022 — Stats SA (@StatsSA) January 31, 2022 The CPI statistical release for January 2022 will be released on 16 February 2022 using an updated basket of goods and services and corresponding weights. Motorists and businesses breathed a little easier in January as fuel prices dropped by 2.8% from the record highs in December 2021. Consumer Price Index, Australia, September Quarter 2022 Release date 26/10/2022 11:30am AEDT. This is the highest . Statistics South Africa (Stats SA) reported on February 17 that consumer price inflation increased from 3.1% y-o-y in December 2020 to 3.2% y-o-y in January 2021. , Nov 16, 2021. The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. Inflation in South Africa accelerated in November 2021, when mainly rising transportation costs prompted a sharp increase. Not a valid link. . The Laspeyres formula is generally used. In other words, the purchasing power of R100 in 1958 equals R9,804.63 in 2021. What Is The Current Inflation Rate In South Africa? Over the twelve months to the December 2021 quarter, the CPI rose 3.5%. January 19, 2022. South Africa: Inflation comes in at highest level since March 2017 in December. Inflation measures the general evolution of prices. "Going forward, it is important to highlight that higher fuel . Current inflation South Africa (CPI) - This page features an overview of current South African inflation: CPI South Africa. Description. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. The Consumer Price Index (CPI) rose 1.3% this quarter. Although South Africa's medium-term outlook has improved slightly, much work remains to be done, especially on the health care front. February 16, 2022. Chief Director for Price Statistics SA Patrick Kelly says there are 14 new products entering the CPI basket while two items will be excluded from the basket. Between 2012 and 2020, the scammers bilked the government for 24.4 billion rand (1.8 billion dollars, 1.4 billion . Graph and download economic data for Consumer Price Index: All Items for South Africa (ZAFCPIALLMINMEI) from Jan 1960 to Dec 2021 about South Africa, all items, CPI, price index, price, and indexes. Inflation South Africa 2019 (CPI) - The inflation chart and table below feature an overview of the South African inflation in 2019: CPI South Africa 2019. The CPI reflects spending patterns for each of two population groups . CPI rate forecast UK 2021-2025. South Africa: Inflation eases in January February 16, 2022 Consumer prices rose 0.20% over the previous month in January, slowing from the 0.57% increase seen in December. The decrease comes after a five-year high since March 2017. Maluleke says the annual consumer price inflation is expected to decline to around 5.7% in January after climbing to 5.9% in December 2021 - the highest annual rate since March 2017. Consumer prices rose 0.57% over the previous month in December, picking up from the 0.49% increase seen in November. "Going forward, it is important to highlight that higher fuel . In 2021 the inflation rate of the Consumer Price Index is expected to be 1.5 percent before rising to 1.8 percent in 2022, and. Consumer Price Index: 2021 in review From December 2020 to December 2021, consumer prices for all items rose 7.0 percent, the largest December to December percent change since 1981. Domestically, the CPI (Consumer Price Index) inflation rate rose through much of 2021, from 2.9% year-on-year as at February last year to 5.5% by November, with petrol and food prices being key . This means that 100 rand in 1958 are equivalent to 9,804.63 rand in 2021. Inflation is measured in terms of the annual growth rate and in index, 2015 base year with a breakdown for food, energy and total excluding food . IMF Executive Board Concludes 2021 Article IV Consultation with South Africa. CPI 2021 for Middle East & North Africa: Systemic corruption endangers democracy and human rights News • 25.01.2022 The region is struggling to achieve tangible results against corruption - no country has registered a significant improvement on the CPI in the last decade. This relates to inflation based on the consumer price index (CPI).When reference is made to the rate of inflation in a country, this usually refers to this CPI inflation figure. Consumer prices rose 0.20% over the previous month in January, slowing from the 0.57% increase seen in December. • The SARB estimates that the neutral interest rate (neither promotes/accommodates nor weakens/restricts economic growth) is about 2.0% y/y above the CPI inflation rate. with the exception of the current price . The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before). Historical data on core CPI in Australia. The CPI weights and basket were last updated in January 2017. The inflation rate is based upon the consumer price index (CPI). Cost of food in South Africa increased 6.10 percent in October of 2021 over the same month in the previous year. February 10, 2022. The annual inflation rate in South Africa accelerated further to 5.9% in December of 2021, from 5.5% in November, above market expectations of 5.7% and moving closer to the top of the South African Reserve bank's target range of 3-6%.