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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 ...
Since 1996 the United Kingdom has also tracked a Consumer Price Index (CPI) figure, and in December 2003 its inflation target was changed to one based on the CPI [39] normally set at 2%. [40] Both the CPI and the RPI are published monthly by the Office for National Statistics. Some rates are linked to the CPI, others to the RPI.
To date Statistics South Africa has produced four censuses, in 1996, 2001, 2011 and 2022. Stats SA was previously known as the "Central Statistical Service", shortly after the end of apartheid and also it absorbed the statistical services of the former Transkei , Bophuthatswana , Venda and Ciskei .
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Consumer Price Index Summary, U.S. Bureau of Labor and Statistics. Accessed December 12, 2024. Producer Price Index News Release summary, U.S. Bureau of Labor and Statistics. Accessed December 13 ...
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 economy of South Africa is the largest economy in Africa, it is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [ 30 ] [ 31 ] [ 32 ] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 33 ]