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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.
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 ...
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [232] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [233] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [234]
In 2021–2022, most countries experienced a considerable increase in inflation, peaking in 2022 and declining in 2023. The causes are believed to be a mixture of demand and supply shocks, whereas inflation expectations generally seem to remain anchored (as per May 2023). [100]
The 2022 food crises have added to the mounting inflation in Chile has experienced since 2020. Measured by the change in the Índice de Precios al Consumidor, the (IPC) in March 2022 relative to March 2021 indicated an inflation rate of 1.9%, the highest known since October 1993. [103]
In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. [38] In 2021, South Africa-based financial institutions managed more than US$1.41 trillion in assets. [39] The total market capitalization of the Johannesburg Stock Exchange is US$1.28 trillion as of October 2021. [40]
In 2021, global food prices rose significantly in larger part due to supply chain disruptions during the COVID pandemic, [48] and in 2022, the FAO reported that the world Food Price Index reached an all-time high in February, posting a 24% year-over-year increase.
A factor that will also leave its mark on the supply chain is the global inflation rate. In 2021 it was projected to reach an inflation rate of about 4% to 5% [24] percent but exceeded expectations and the global inflation rate ranges from 7% to 8% currently (June 2022). [25]