The South African ppi, consists of three parts namely domestic output of South African Industry Groups, exported commodities and imported commodities



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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.



















Unit value indices (UVI) for exports and imports

  • Unit value indices (UVI) for exports and imports

      • Based on customs data
      • Weights = total value of goods traded
      • Price changes from value/quantity each month
      • Import and Export UVI publish 2013






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).
    • Phase 1 completed
      • Products to be permanently excluded
      • Products to be excluded in Stage 1
      • Coverage of the HCPI (Domestic or National)
      • Expenditure classification


Inclusion of new products and removal of old

      • Inclusion of new products and removal of old
      • Treatment of seasonal products
      • Second-hand goods
      • Outlet-type coverage
      • Frequency and timeliness of index publication
      • Elementary aggregate index formula
      • Formula for higher level aggregates
      • Dealing with missing products
      • Dealing with missing outlets
      • Publication of sub indices
      • Computation methods
      • Derived statistics for publication
      • Documentation


Phase 2 in-progress

    • Phase 2 in-progress
      • Temporary exclusions back into the HCPI
      • Treatment of certain products (in terms of weights, collection)
      • QAs
  • ICP

    • Collecting data on a monthly basis for the ICP





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