South Africa’s headline consumer inflation fell to 7.6% year on year in August, data showed on Wednesday, suggesting inflation may have peaked in annual terms at 7.8% the previous month. Listen to the StatsSA soundbite release here. Economists polled by Reuters had predicted that annual inflation would fall to 7.5% in August.
The South African Reserve Bank is expected to announce another 75 basis points increase in its main lending rate on Thursday to bring inflation back within its desired range. Read: Inflation accelerates at fastest pace since 2009 Statistics South Africa figures showed that consumer inflation was at 0.2% month on month in August from 1.5% in the previous month. Core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, fell to 4.4% year on year in August, from 4.
2 months ago, the india gov included a VHS system in their CPI, the cost of which has dropped by 50%. What items are in the SA CPI? There are currently 393 items in the basket.
This is such a big lie, why are we using the CPI? It is a gov mouth tool used to gas light citizens. The correct inflation indicator is the M2 money supply. Money printing is an underhanded double form of tax as the nominal tax brackets do not move whilst the supply increases
I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
But goods are still so expensive! What is driving the prices of detergents Unilever CompComSA. Everything from dishwashing liquid and hands wash powder or auto detergent has gone up!