Consumer Price Index (CPI) m/m reflects a change in the value of goods and services in South Africa in the given month compared to the previous one. The CPI reflects price changes from the perspective of households, i.e. end consumers of goods and services.
The index is calculated as a change in the value of goods and services included in a fixed consumer basket. Goods and services which are representative of household spending are included in the consumer basket. The basket is revised from time to time. Currently it includes 12 categories of goods and services, such as food and beverages, clothes, home appliances, transportation and education services, among others. Different weights are given to the goods and services, reflecting related expenditure shares in final consumption expenditure. Weights are adjusted every 4-5 years.
Consumer Price Index is one of key indicators to measure inflation. A higher than expected reading is considered positive for ZAR quotes, while lower readings are considered negative.
The chart of the entire available history of the "South Africa Consumer Price Index (CPI) m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.