Meanwhile, inflation edged higher food & non-alcoholic beverages (4.4 percent vs 4.2 percent); housing & utilities (4.8 percent vs 4.7 percent) and miscellaneous goods & services (6.4 percent vs 6.3 percent). Annual CPI inflation for April reflects the impact of the first month of the COVID-19 lockdown.
Inflation Rate YoY 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. Consumer prices fell 0.61% in May over the previous month, coming in below the 0.52% drop recorded in April. Inflation Rate YoY
This was due to the loss of 3 000 jobs in the formal non-agricultural sector. Inflation Rate YoY South Africa Inflation Rate was 2.1 % in 2020. Consumer Price Index CPI in South Africa decreased to 114.30 points in May from 115 points in April of 2020. It was the lowest rate since September of 2004, pushed down by transport prices (-8.4% vs -3.5% in April), of which fuels (-25.9% vs -12.8%).
During August Annual consumer price inflation fell to its lowest reading since September 2004, dragged lower mainly by falling fuel prices. Kindly participate in this short survey and provide your details. Inflation Rate YoY Consumer prices fell 0.61% in May over the previous month, coming in below the 0.52% drop recorded in April. In South Africa, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.
JOHANNESBURG - South Africa’s headline consumer inflation quickened to 2.2% year-on-year in June from a 15-year low of 2.1% in May, data from Statistics South Africa showed on Wednesday. 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.
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. May's result marked the sharpest fall in prices since December 2008. The South Africa IHS Markit PMI pulled up from an all-time low of 32.5 in May to 42.5 in June. Inflation Rate YoY Read more. July 10, 2020 Statistics on Consumer Price Index (CPI), food inflation and Harmonised Consumer Prices. The annual inflation rate in South Africa fell to 3% in April of 2020 from 4.1% in March and slightly below market expectations of 3.1%, thus remaining comfortably within the Reserve Bank's target band of 3-6%. Read more. Job losses were reported in the trade industry with 17 000 in the first quarter. The reading for September 2004, 15 years and eight The May CPI will be published on Wednesday, 15 July.
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