The South African PPI, consists of three parts namely domestic output of South African Industry Groups, exported commodities and imported commodities.
The South African PPI, consists of three parts namely domestic output of South African Industry Groups, exported commodities and imported commodities.
Domestic output includes the value of all products produced within the boundaries of South Africa, irrespective whether it is exported or used in the domestic market. Imports are not included in this index.
For the Domestic output (including exports) and Import tables respectively, prices are measured, at the first supply phase, by South African producers, and at the first purchasing phase, where the goods enter South Africa.
The CPI is a current social and economic indicator that 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 CPI is a current social and economic indicator that 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 South African CPI has two equally important objectives:
1. To measure inflation in the economy so that macroeconomic policy is based on comprehensive and up-to-date price information and to provide a deflator of consumer expenditure in the expenditure national accounts.
2. To measure changes in the cost of living of South African households to ensure equity in the measures taken to adjust wages, grants, service agreements and contracts.
HCPI
HCPI
The aim of harmonisation is to produce inflation figures for each country that are comparable, by ensuring that methods used by each country are relatively similar for the Harmonised Consumer Price Index (HCPI).
