YoY Change in Consumer Price Index (CPI) in South Africa
South Africa| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year Consumer Price Index (CPI) in South Africa measures the percentage change in prices of goods and services purchased by consumers for a specific month compared to the same month of the previous year. This data, released monthly by Statistics South Africa, is crucial for assessing inflation trends.
Year-on-year CPI data helps understand how consumer prices fluctuate over longer periods. An increase in CPI indicates rising inflationary pressures, potentially reducing consumer purchasing power. Conversely, a decrease in CPI suggests deflationary risks, potentially improving consumer purchasing power.
This data serves as important reference material for policymakers to evaluate inflation trends and formulate appropriate monetary policies. It is also a vital source of information for businesses and investors to forecast price trends and economic outlook.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
