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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.
Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate
In November 2021 inflation in the United States was 14.9% for durable goods, compared to 10.7% for consumable goods and 3.8% for services. [14] Similar situations occurred in several other major economies. Supply chain stresses increased prices for commodities and transportation, which are cost inputs for finished goods. [14]
South African inflation surged to a 13-year high in June, data showed on Wednesday, moving further away from the central bank's target the day before an interest rate announcement. Headline ...
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]
Inflation rates among members of the International Monetary Fund in April 2024 UK and US monthly inflation rates from January 1989 [1] [2] In economics, inflation is a general increase in the prices of goods and services in an economy. This is usually measured using a consumer price index (CPI).
21 October- The 2021 South African metalworkers strike ends, with workers represented by the National Union of Metalworkers of South Africa winning a 5-6% annual pay increase 22 October - Following a high-profile trial ex-police officer Nomia Rosemary Ndlovu is convicted of murdering five relatives and her boyfriend over several years.
In 2019 the 17.1% of all South African taxpayers were located in the Western Cape; the province contributed 16.9% of the country's total taxable income thereby contributing to just under R 269.58 billion to the fiscus. [16] Below is a breakdown of the Western Cape governments 2021/22 budget.