What Is CPI In South Africa?
For South Africa, the CPI shows how the average price level of all those goods and services (a fixed basket of goods and services) bought by a typical consumer or household changes over time.
What is the CPI rate in South Africa today?
| Actual | Previous | Unit |
|---|---|---|
| 111.10 | 110.80 | points |
How is CPI calculated?
To find the CPI in any year, divide the cost of the market basket in year t by the cost of the same market basket in the base year.
The CPI in 1984 = R75/R75 x 100 = 100 The CPI is just an index value and it is indexed to 100 in the base year, in this case, 1984. So prices have risen by 28% over that 20-year period.
What is the current CPI in South Africa in 2023?
| Related | Last | Reference |
|---|---|---|
| Inflation Rate | 4.80 | Aug 2023 |
| Inflation Rate MoM | 0.30 | Aug 2023 |
| Consumer Price Index CPI | 111.10 | Aug 2023 |
| Core Inflation Rate | 4.80 | Aug 2023 |