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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.
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 ...
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 ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
Even as price pressures eased from the 9.1% peak of the current inflation cycle, last month's reading marked the second-hottest December CPI print since 1981, topped only by 7.1% in December 2021.
Statistics South Africa (frequently shortened to Stats SA) is the national statistical service of South Africa with the goal of producing timely, accurate and official statistics, in order to advance economic growth, development and democracy. To this end, Statistics South Africa produces official demographic, economic and social censuses and ...
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), covers approximately 29 percent of the U.S. population. This index is used predominantly for adjusting Social Security ...