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In January 2009 Statistics South Africa changed the naming and composition of headline CPI measures, effectively replacing CPIX as the measure for government inflation targeting. The weighting of items in the basket was also changed, with certain items excluded and new items introduced, and a broader range of prices are collected for individual ...
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 ...
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]
Mervyn King became the first Governor to do so in April 2007, when inflation ran at 3.1% against a target 2%. [38] 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]
Inflation is sitting at a four-decade high in the U.S., but Americans aren't the only ones dealing with rising prices. From Sri Lanka to the U.K., inflation is a global issue.
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 ]
December's CPI print finally showed some relief in core inflation. But the threat of sticky prices is still a reality for most economists. Investors cheered December's inflation data.
[21] For example, a continuing drought in South Africa [22] may - amongst other factors - have food inflation soar 11% until end of 2016 according to the South African Reserve Bank. [23] A drought turns fresh water into a rare commodity making it hard to come by in food production, thus inflating food prices. [21]