South Africa ZA: Consumer Price Index (CPI): Local Source Base Year: All Items

South Africa ZA: Consumer Price Index (CPI): Local Source Base Year: All Items data was reported at 113.133 Dec2021=100 in Dec 2023. This records an increase from the previous number of 111.567 Dec2021=100 for Sep 2023. South Africa ZA: Consumer Price Index (CPI): Local Source Base Year: All Items data is updated quarterly, averaging 14.419 Dec2021=100 from Mar 1957 (Median) to Dec 2023, with 268 observations. The data reached an all-time high of 113.133 Dec2021=100 in Dec 2023 and a record low of 0.934 Dec2021=100 in Mar 1957. South Africa ZA: Consumer Price Index (CPI): Local Source Base Year: All Items data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Africa – Table ZA.OECD.MEI: Consumer Price Index: COICOP 1999: Non OECD Member: Quarterly. The CPI is constructed to measure changes over time in the general level of prices of consumer goods and services that households acquire, use, or pay for. The index aims to measure the change in consumer prices over time. Types of prices: Prices used are actual transaction prices, including Value Added Tax. Unconditional discounts are reflected. Money off coupons, loyalty cards, free gifts, trading stamps and free extra product are ignored. Price collection method: For Commodities, taxi fares, rentals and restaurant: Price Collectors visit sampled outlets in order to record prices ('Field-based collection'). Mostly for prices for Services: Staff based at Statistics SA carry out the collection by post, fax, e-mail and telephone survey ('Head office collection'). The index includes a measure of owner-occupied housing: Rental equivalence approach is used. Treatment of missing prices: The missing price of a specific product at a specific respondent is indirectly imputed by ignoring the respondent when calculating the geometric mean of all the respondent price relatives for the specific product. Selection of replacement items: The price collector selects a replacement variety when the current variety is permanently unavailable. Adjustments for quality differences: No quality adjustments are made on prices in the CPI Introducing new products: New products are only included if it substitutes existing products in the market. Completely new products that enter the market are not included in the basket before the next IES, weight update is done. Seasonal items: Prices are collected for specified in season months.; Index series starts in January 2008

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