cpi south africa april 2020

In South Africa, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. TEForecast
Others include: Miscellaneous Goods and Services such as personal care, Insurance and Finance (14.7 percent); Alcoholic Beverages and Tobacco (5.4 percent); Household Contents, Equipment and Maintenance (4.8 percent); Recreation and Culture (4.1 percent); Clothing and Footwear (4.1 percent). This was due to the loss of 3 000 jobs in the formal non-agricultural sector. The annual inflation rate in South Africa fell to 4.1 percent in March of 2020 from 4.6 percent in February and below market expectations of 4.3 percent. Consumer Price Index CPI in South Africa decreased to 114.30 points in May from 115 points in April of 2020. The reading for September 2004, 15 years and eight   The May CPI will be published on Wednesday, 15 July. Consumer inflation is now at the bottom of the South African Reserve Bank (SARB) target range of …

The annual inflation rate eased to 2.1% in May of 2020 from 3% in April and compared with market consensus of 2.2%, thus falling below the lower end of the Reserve Bank's target band of 3-6%. The rate dropped to 3,0% in April from 4,1% in March, the lowest reading since June 2005 when the rate was 2,8%. Read more.

The index increased in the first week of April but then dropped in each of the three successive weeks. If prices have fallen this is called deflation (negative inflation). 12-month percent change in CPI for All Urban Consumers (CPI-U), not seasonally adjusted, June 2019 - June 2020 Percent change All items All items less food and energy 0.0 0.5 1.0 1.5 2.0 2.5 Jun'19 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun'20 Table A. South Africa: Manufacturing activity drops at record pace in April. Stats Biz – April 2020. At the heart of measuring inflation is the comparison of prices of a fixed set of products in two periods. This is the final report of the weekly essential products price   The prices of essential products decreased by 0,1% between the weeks ending 16 and 23 April after decreasing by 0,2% the previous week.

Stats SA has published a note to explain the circumstances in which different methods will employed. This article covers   When the COVID-19 lockdown went into effect on 27 March, the range of products available to households for purchase was restricted to a set of defined essential goods and services. The Trading Economics Application Programming Interface (API) provides direct access to our data. Consumer inflation is now at the bottom of the South African Reserve Bank (SARB) target range of   The COVID-19 pandemic and the drastic actions taken to prevent its spread have fundamentally impacted the South African economy and Stats SA’s ability to measure it. Consumer prices fell 0.61% in May over the previous month, coming in below the 0.52% drop recorded in April. Fuel prices increased by 7,5% from May to June, with petrol   The June CPI will use special imputation methods to account for the shift from Level 4 to Level 3 lockdown restrictions on consumer spending.

South Africa: Inflation drops to lowest level over 15 years in May. In addition, costs advanced at a slower pace for housing & utilities (4.5% vs 4.6%); miscellaneous goods & services (6.2% vs 6.4%); alcoholic beverages & tobacco (1.3% vs 2.3%); health (3.9% vs 4.8%); furnishings (2% vs 2.4%) and clothing & footwear (0.6% vs 1.4%).
Inflation Rate YoY Inflation Rate YoY Annual CPI inflation for April reflects the impact of the first month of the COVID-19 lockdown. In South Africa, the most important categories in the consumer price index are Housing and Utilities (24.5 percent of total weight), Transport (16.4 percent) and Food and Non-Alcoholic Beverages (15.4 percent). The dominance of fuel price changes recorded in the previous few months continued in June. The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before). It was the lowest rate since June of 2005, amid a decrease in transport prices (-3.5% vs 3.4% in March), namely fuels (-12.8% vs 5.5%), prompted by the Covid-19 crisis. Read more On a monthly basis, consumer prices went up 0.5 percent, rebounding from a 0.6 percent decline in the prior month and compared with market consensus of a 0.45 percent increase. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.

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