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The consumer price index (CPI) is the official measure of inflation in South Africa. One variant, the consumer price index excluding mortgage costs (CPIX), is officially targeted by the South African Reserve Bank [1] and a primary measure that determines national interest rates.
The Chained Consumer Price Index C-CPI-U, a chained index, has been introduced. The C-CPI-U tries to mitigate the substitution bias that is encountered in CPI-W and CPI-U by employing a Tornqvist formula and utilizing expenditure data in adjacent time periods in order to reflect the effect of any substitution that consumers make across item ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
South Africa's CPI slowed to 3.8 percent in March, the lowest figure since January 2011, as the end of the worst drought in decades helped push down food prices. In a speech posted on the South ...
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency . [ 2 ]
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In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. [34] In 2021, South Africa-based financial institutions managed more than US$1.41 trillion in assets. [35] The total market capitalization of the Johannesburg Stock Exchange is US$1.28 trillion as of October 2021. [36]
Duduzile Zuma-Sambudla, a daughter of former South African president Jacob Zuma, appeared in court on Thursday after being charged with inciting violence during riots in 2021 in which more than ...