South Africa Consumer Price Index (CPI) YoY

ZAR
Actual
5.3%
Forecast
5.4%
Previous
5.1%
Latest Release
Feb 21, 2024
Importance
Overview
The Consumers Price Index (CPI) measures the rate of price change of goods and services purchased by households. It measures changes in the average level of prices over a period of time. In other words, prices indicator of what is happening to prices, consumers are paying for items purchased. With a given starting point or base period which is usually taken as 100, the CPI can be used to compare current period consumer prices with those in the base period.Consumer Price index is the most frequently used indicator of inflationand reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer. The weights are usually derived from household expenditure surveys.
A higher than expected reading should be taken as positive/bullish for the ZAR , while a lower than expected reading should be taken as negative/bearish for the ZAR.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Feb 21, 2024 (Jan) 10:00 5.3% 5.4%
5.1%
Jan 24, 2024 (Dec) 10:00 5.1% 5.2%
5.5%
Dec 13, 2023 (Nov) 10:00 5.5% 5.6%
5.9%
Nov 22, 2023 (Oct) 10:00 5.9% 5.5%
5.4%
Oct 18, 2023 (Sep) 10:00 5.4% 5.3%
4.8%
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