South Africa - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in South Africa was 171.60 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 171.60 in 2021 and a minimum value of 1.77 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 1.77
1961 1.81
1962 1.83
1963 1.86
1964 1.90
1965 1.98
1966 2.05
1967 2.12
1968 2.17
1969 2.24
1970 2.35
1971 2.49
1972 2.65
1973 2.90
1974 3.24
1975 3.67
1976 4.07
1977 4.53
1978 5.03
1979 5.70
1980 6.48
1981 7.47
1982 8.56
1983 9.62
1984 10.73
1985 12.47
1986 14.80
1987 17.19
1988 19.39
1989 22.25
1990 25.43
1991 29.33
1992 33.40
1993 36.65
1994 39.92
1995 43.39
1996 46.58
1997 50.58
1998 54.06
1999 56.86
2000 59.90
2001 63.32
2002 69.33
2003 73.27
2004 72.76
2005 74.26
2006 76.67
2007 81.40
2008 89.61
2009 96.07
2010 100.00
2011 105.00
2012 111.01
2013 117.43
2014 124.63
2015 130.29
2016 138.85
2017 146.05
2018 152.65
2019 158.94
2020 164.04
2021 171.60

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices