In South Africa, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. 2016M12=100, NSA
2.14 %. FocusEconomics Consensus Forecast panelists see inflation averaging 3.4% in 2020, which is down 0.2 percentage points from last month’s estimate, and 4.1% in 2021.5 years of economic forecasts for more than 30 economic indicators.Get a sample report showing our regional, country and commodities data and analysis. june 2020 - may 2020. 0.44 %. Consumer Price Index CPI in South Africa averaged 31.09 points from 1960 until 2020, reaching an all time high of 115.60 points in March of 2020 and a record low of 1.20 points in February of 1960. On 23 July, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) lowered the repurchase rate by 25 basis points to 3.50%, coming in line with market expectations and marking a new record low. Click on the button below to get started.
Lastly, core inflation edged down to 3.0% from May’s 3.1%.
On 24 June, the government presented a supplementary emergency budget for the current fiscal year (FY) 2020–2021, which runs until March 2021. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Annual consumer price inflation was 4,5% in January 2020, up from 4,0% in December 2019.
It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. South Africa - Inflation Data Prices increased further for alcoholic beverages & tobacco (1.4% vs 1.3% in May); while cost of transport fell less (-5.9% vs -8.4%), of which fuels (-20.9% vs -25.9%).
STATISTICS SOUTH AFRICA 3 P0141 Consumer Price Index – February 2020 KEY FINDINGS Headline consumer price index (CPI for all urban areas) Annual consumer price inflation was 4,6% in February 2020, up from 4,5% in January 2020. Consumer prices increased 0.52% in June over the previous month, swinging from the 0.61% drop seen in May. The figure was largely due to rising prices for housing and utilities. In addition, price pressures for transportation as well as for alcoholic beverages and tobacco rebounded. The South African CPI shows the change in prices of a standard package of goods and services which South African households purchase for consumption. inflation (yearly basis) inflation. The annual inflation rate in South Africa rose to 2.2 percent in June 2020 from an over 15-year low of 2.1 percent in the previous month and matching market expectations. inflation (monthly basis) inflation. The Trading Economics Application Programming Interface (API) provides direct access to our data.
June's result was the sharpest increase in prices since February. june 2020 - june 2019. Consumer inflation is now at the bottom of the South African Reserve Bank (SARB) target range of read more ». 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%. Table – current inflation South Africa (CPI) – last 12 months. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now.
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Consumer Price Index CPI in South Africa increased to 114.90 points in June from 114.30 points in May of 2020. Chart - CPI inflation South Africa 2020 (yearly basis) The average inflation of South Africa in 2020: 3.35 %. Posted on June 24, 2020 Facebook Twitter Linkedin. Manufacturing output dropped 16.3% compared to the same month a year earlier in June, which was above May's 32.4% decrease. The South Africa IHS Markit PMI rose to 44.9 in July from 42.5 in June, marking the best reading in five months. The consumer price index increased by 0,3% month-on-month in January 2020. Consumer prices increased 0.52% in June over the previous month, swinging from the 0.61% drop seen in May.
In order to measure inflation, an assessment is made of how much the CPI has risen in percentage terms over a give period compared to the CPI in a preceding period. The consumer price index increased by 1,0% month-on-month in February 2020. FocusEconomics Consensus Forecast panelists see inflation averaging 3.4% in 2020, which is down 0.2 percentage points from last month’s estimate, and 4.1% in 2021.
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