Statistical release - Statistics South Africa

Statistical release P0141

Consumer Price Index July 2014

Embargoed until: 20 August 2014 10:00

Enquiries:

Forthcoming issue:

Marietjie Bennett / Anita Voges (012) 310 8077 / 8151

August 2014

Expected release date 17 September 2014

Statistics South Africa

1

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TABLE OF CONTENTS KEY FINDINGS .............................................................................................................................................................................. 2 NOTES ........................................................................................................................................................................................... 2 TABLES ......................................................................................................................................................................................... 3 Table A - Consumer Price Index: Main indices ......................................................................................................................... 3 Table B - CPI headline .............................................................................................................................................................. 4 Table C - Contributions of the different groups to the annual percentage change in the CPI headline ..................................... 5 Table D - Contributions of the different groups to the monthly percentage change in the CPI headline ................................... 5 Table E - Consumer price indices for all urban areas ............................................................................................................... 6 GLOSSARY.................................................................................................................................................................................... 8 FOR MORE INFORMATION .......................................................................................................................................................... 9

Consumer Price Index – July 2014


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KEY FINDINGS The headline CPI (for all urban areas) annual inflation rate in July 2014 was 6,3%. This rate was 0,3 of a percentage point lower than the corresponding annual rate of 6,6% in June 2014. On average, prices increased by 0,8% between June 2014 and July 2014. The food and non-alcoholic beverages index was unchanged in July 2014. The annual rate was also the same as the corresponding rate of 8,8% in June 2014. The following components in the food and non-alcoholic beverages index increased: hot beverages (2,1%), milk, eggs and cheese (1,6%), other food (1,4%), cold beverages (0,8%), sugar, sweets and desserts (0,6%) and vegetables (0,1%). The following components decreased: oils and fats (-1,4%), bread and cereals (-1,0%), fruit (-1,0%), meat (-0,3%) and fish (-0,1%). The alcoholic beverages and tobacco index increased by 1,0% between June 2014 and July 2014. The annual rate increased to 5,8% in July 2014 from 5,6% in June 2014. The housing and utilities index increased by 2,1% between June 2014 and July 2014, mainly due to an 8,3% increase in water and other services and a 6,9% increase in electricity and other fuels. The annual rate increased to 5,9% in July 2014 from 5,8% in June 2014. The transport index increased by 0,9% between June 2014 and July 2014, mainly due to a 29c/litre increase in the price of petrol. The annual rate decreased to 6,9% in July 2014 from 8,6% in June 2014. The miscellaneous goods and services index increased by 0,4% between June 2014 and July 2014. The annual rate increased to 7,1% in July 2014 from 6,9% in June 2014. The provinces with an annual inflation rate lower than or equal to headline inflation were Free State (6,3%), Gauteng (6,3%) and Mpumalanga (6,2%). The provinces with an annual inflation rate higher than headline inflation were Western Cape (6,5%), Northern Cape (6,7%), Eastern Cape (6,8%), KwaZulu-Natal (6,8%), North West (7,2%) and Limpopo (7,5%).

NOTES CPI for August 2014 No surveys in addition to the published surveys will be conducted in August 2014.

Publication dates for future releases Year 2014

Issue August September October November

Publication date 17 September 2014 22 October 2014 19 November 2014 10 December 2014

PJ Lehohla Statistician-General



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TABLES Table A - Consumer Price Index: Main indices Unless otherwise stated the table refers to all urban areas. Weight Group All items (CPI Headline) Analytical series

CPI per expenditure quintile

CPI for all goods CPI for durable goods CPI for semi-durable goods CPI for non-durable goods CPI for services CPI for pensioners CPI for administered prices

Geographic indices

1

CPI for food and non-alcoholic beverages (NAB) CPI excluding food and NAB CPI excluding petrol CPI excluding food and NAB and petrol CPI excluding food and NAB, petrol, VAT, assessment rates, and finance charges CPI excluding housing CPI excluding petrol and energy CPI excluding energy CPI excluding food and NAB, petrol and energy CPI excluding owners' equivalent rent CPI excluding administered prices CPI administered prices excluding petrol and paraffin Trimmed mean CPI for primary urban areas CPI for secondary urban areas CPI for rural areas1 CPI for total country CPI per province

1 2 3 4 5

Total Regulated Not regulated

Western Cape Eastern Cape Northern Cape Free State KwaZulu-Natal North West Gauteng Mpumalanga Limpopo

Index (Dec 2012=100) Jul 2013 Jun 2014 Jul 2014

Percentage change Jul 2014 Jul 2014 vs. vs. Jun 2014 Jul 2013

100,00 2,27 4,58 8,08 18,60 66,47 49,86 8,02 6,32 35,52 50,14 .. 18,48 13,70 4,78

104,0 102,8 102,7 102,9 103,6 104,3 103,3 100,8 101,5 104,1 104,7 104,0 107,9 107,9 107,8

109,7 109,0 108,8 108,9 109,3 110,0 109,2 105,1 106,4 110,6 110,3 109,8 111,6 110,6 114,4

110,6 109,6 109,5 109,7 110,3 110,9 110,3 105,1 106,7 112,1 111,0 110,7 115,4 115,0 116,6

0,8 0,6 0,6 0,7 0,9 0,8 1,0 0,0 0,3 1,4 0,6 0,8 3,4 4,0 1,9

6,3 6,6 6,6 6,6 6,5 6,3 6,8 4,3 5,1 7,7 6,0 6,4 7,0 6,6 8,2

15,41 84,59 94,32

100,8 104,5 103,6

109,7 109,7 109,3

109,7 110,8 110,1

0,0 1,0 0,7

8,8 6,0 6,3

78,91

104,1

109,2

110,2

0,9

5,9

76,41 75,48 90,19 95,87

104,1 104,0 103,4 103,8

109,3 110,4 109,4 109,8

110,1 110,8 109,9 110,5

0,7 0,4 0,5 0,6

5,8 6,5 6,3 6,5

74,78

104,0

109,3

109,9

0,5

5,7

88,58 81,52

104,2 103,1

110,0 109,3

111,0 109,5

0,9 0,2

6,5 6,2

12,75 .. 61,90 20,49 17,61 100,00 15,55 8,12 1,57 5,12 15,33 5,59 36,97 5,69 6,06

106,8 103,3 104,1 103,6 102,9 103,8 103,5 103,2 103,5 103,6 103,7 103,1 104,3 103,2 103,5

109,2 108,9 109,8 109,5 109,9 109,8 109,2 109,3 109,0 109,4 109,9 109,6 110,1 109,1 110,7

113,6 109,5 110,7 110,3 110,4 110,6 110,2 110,2 110,4 110,1 110,7 110,5 110,9 109,6 111,3

4,0 0,6 0,8 0,7 0,5 0,7 0,9 0,8 1,3 0,6 0,7 0,8 0,7 0,5 0,5

6,4 6,0 6,3 6,5 7,3 6,6 6,5 6,8 6,7 6,3 6,8 7,2 6,3 6,2 7,5

The rural CPI is compiled using data from rural and urban areas in accordance with the purchasing patterns of rural residents.



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Table B - CPI headline

Table B1 - CPI headline index numbers (Dec 2012=100) Year 2010 2011 2012 2013 2014

1

Jan 86,4 89,6 95,2 100,3 106,1

Feb 87,0 90,2 95,7 101,3 107,3

Mar 87,7 91,3 96,8 102,5 108,7

Apr 87,8 91,6 97,2 102,9 109,2

May 88,0 92,0 97,2 102,6 109,4

Jun 88,0 92,4 97,5 102,9 109,7

Jul 88,6 93,2 97,8 104,0 110,6

Aug 88,6 93,4 98,0 104,3 ..

Sep 88,7 93,8 98,9 104,8 ..

Oct 88,9 94,2 99,5 105,0 ..

Nov 89,0 94,5 99,8 105,1 ..

Dec 89,2 94,6 100,0 105,4 ..

Average1 88,2 92,6 97,8 103,4 ..

Jun 4,2 5,0 5,5 5,5 6,6

Jul 3,7 5,3 4,9 6,3 6,3

Aug 3,5 5,3 5,0 6,4 ..

Sep 3,2 5,7 5,5 6,0 ..

Oct 3,4 6,0 5,6 5,5 ..

Nov 3,6 6,1 5,6 5,3 ..

Dec 3,5 6,1 5,7 5,4 ..

Average1 4,3 5,0 5,6 5,7 ..

Annual average.

Table B2 - CPI headline year-on-year rates Year 2010 2011 2012 2013 2014

1

Jan 6,2 3,7 6,3 5,4 5,8

Feb 5,7 3,7 6,1 5,9 5,9

Mar 5,1 4,1 6,0 5,9 6,0

Apr 4,8 4,2 6,1 5,9 6,1

May 4,6 4,5 5,7 5,6 6,6

Annual average.

Rates shown in Table B2 show the official inflation rates as published in the monthly CPI release. Differences due to rounding off may occur when using the rebased indices in Table B1 to calculate the rates of change.

Figure 1 - CPI headline index numbers and year-on-year rates



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Table C - Contributions of the different groups to the annual percentage change in the CPI headline Group Food and non-alcoholic beverages Alcoholic beverages and tobacco Clothing and footwear Housing and utilities Household contents and services Health Transport Recreation and culture Education Restaurants and hotels Miscellaneous goods and services Residual All Items

Contribution Jun 2014 Jul 2014 1,3 1,3 0,3 0,3 0,2 0,2 1,4 1,4 0,2 0,2 0,1 0,1 1,4 1,1 0,1 0,1 0,3 0,3 0,3 0,3 1,0 1,1 0,0 -0,1 6,6 6,3

Table D - Contributions of the different groups to the monthly percentage change in the CPI headline Group Alcoholic beverages and tobacco Housing and utilities Household contents and services Transport Miscellaneous goods and services All Items

Contribution Jun 2014 Jul 2014 0,0 0,1 0,2 0,5 0,1 0,0 0,0 0,1 0,0 0,1 0,3 0,8



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Table E - Consumer price indices for all urban areas Weight Group All items (CPI Headline) Food and nonalcoholic beverages

Food Processed Unprocessed Bread and cereals Meat Fish Milk, eggs and cheese Oils and fats Fruit Vegetables Sugar, sweets and desserts Other food Non-alcoholic beverages Hot beverages Cold beverages

Alcoholic beverages and tobacco

Alcoholic beverages Spirits Wine Beer Tobacco

Clothing and footwear Housing and utilities

Household contents and services

Clothing Footwear Actual rentals for housing Owners' equivalent rent Maintenance and repair Water and other services Electricity and other fuels Furnishings, floor coverings and textiles Appliances, tableware and equipment Supplies and services Domestic workers' wages

Health Medical products Medical services


Percentage change Jul 2014 Jul 2014 vs. vs. Jun 2014 Jul 2013

100,00 15,41 14,20 6,78 7,42 3,55 4,56 0,37

104,0 100,8 100,7 103,5 98,1 101,4 97,2 104,7

109,7 109,7 109,9 111,3 108,6 111,3 106,0 113,2

110,6 109,7 109,8 111,5 108,2 110,2 105,7 113,1

0,8 0,0 -0,1 0,2 -0,4 -1,0 -0,3 -0,1

6,3 8,8 9,0 7,7 10,3 8,7 8,7 8,0

1,74 0,55 0,23 1,61

104,9 100,3 93,2 101,9

115,3 104,5 96,3 113,8

117,2 103,0 95,3 113,9

1,6 -1,4 -1,0 0,1

11,7 2,7 2,3 11,8

0,65 0,94 1,21 0,32 0,89 5,43 3,95 0,76 0,74 2,45 1,48 4,07 2,76 1,31 24,52 4,76 11,42 1,31 2,85 4,18 4,79

105,6 101,8 102,0 102,8 101,7 106,4 106,8 107,4 105,5 107,0 105,3 101,3 101,4 101,0 103,9 102,7 102,5 101,9 107,9 107,2 101,7

113,0 109,1 107,6 110,6 106,4 111,5 112,5 116,1 109,5 112,3 108,9 106,2 106,4 105,9 107,7 108,0 107,6 108,2 108,0 107,3 105,8

113,7 110,6 108,7 112,9 107,2 112,6 112,4 116,4 108,9 112,2 112,9 106,6 106,8 106,1 110,0 108,0 107,6 108,4 117,0 114,7 105,7

0,6 1,4 1,0 2,1 0,8 1,0 -0,1 0,3 -0,5 -0,1 3,7 0,4 0,4 0,2 2,1 0,0 0,0 0,2 8,3 6,9 -0,1

7,7 8,6 6,6 9,8 5,4 5,8 5,2 8,4 3,2 4,9 7,2 5,2 5,3 5,0 5,9 5,2 5,0 6,4 8,4 7,0 3,9

1,12

98,9

99,5

99,6

0,1

0,7

0,78 2,89

100,7 103,0

105,1 108,5

104,8 108,3

-0,3 -0,2

4,1 5,1

2,35 1,46 0,74 0,72

103,3 104,2 102,2 106,3

109,2 109,8 106,8 112,8

109,2 110,2 107,6 112,8

0,0 0,4 0,7 0,0

5,7 5,8 5,3 6,1



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Table E - Consumer price indices for all urban areas (concluded) Weight Group Transport Purchase of vehicles Private transport operation Petrol Other running costs Public transport Communication Postal services and telecommunication services Telecommunication equipment Recreation and culture

Recreational equipment Recreational and cultural services Books, newspapers and stationery Package holidays

Education Primary and secondary Tertiary Restaurants and hotels Miscellaneous goods and services

Restaurants Hotels Personal care Insurance Financial services Other goods and services


Percentage change Jul 2014 Jul 2014 vs. vs. Jun 2014 Jul 2013 0,9 6,9 0,0 5,7 1,8 7,7 2,2 8,3

16,43 5,98 7,25 5,68

105,0 101,9 108,7 110,3

111,2 107,7 115,0 116,9

112,2 107,7 117,1 119,5

1,57 3,20 2,63

102,9 102,3 101,7

108,1 109,1 100,3

108,5 109,3 100,3

0,4 0,2 0,0

5,4 6,8 -1,4

2,50 0,13 4,09 1,59 1,72 0,57 0,21 2,95 1,72 1,23 3,50 2,54 0,96 14,72 2,29 9,92 1,20 1,31

102,2 92,8 102,1 100,8 102,8 101,9 105,8 109,0 109,1 108,8 103,9 103,9 103,8 106,7 103,2 108,2 105,3 102,8

101,3 81,8 105,1 101,2 104,7 114,5 112,0 118,5 118,1 119,0 112,1 111,8 112,8 113,8 109,7 116,4 108,3 106,3

101,3 81,8 105,4 101,2 105,2 115,3 112,1 118,5 118,1 119,0 112,4 112,5 112,1 114,3 109,9 116,6 110,2 107,9

0,0 0,0 0,3 0,0 0,5 0,7 0,1 0,0 0,0 0,0 0,3 0,6 -0,6 0,4 0,2 0,2 1,8 1,5

-0,9 -11,9 3,2 0,4 2,3 13,2 6,0 8,7 8,2 9,4 8,2 8,3 8,0 7,1 6,5 7,8 4,7 5,0



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GLOSSARY A complete set of definitions is available in the methods and sources document on the Stats SA website http://www.statssa.gov.za Annual inflation rate

The annual inflation rate is the change in the index of the relevant month of the current year compared with the index of the same month in the previous year expressed as a percentage.

Annual percentage change

The annual percentage change is the change in the index of the relevant month of the current year compared with the index of the same month in the previous year expressed as a percentage.

Average annual inflation rate

The average annual inflation rate is the change in the average index of one year compared with the average index of the previous year expressed as a percentage.

Average annual percentage change

The average annual percentage change is the change in the average index of one year compared with the average index of the previous year expressed as a percentage.

CPI for administered prices

An administered price is defined as the price of a product which is set consciously by an individual producer or group of producers and/or any price which can be determined or influenced by government, either directly or through a government agency/institution without reference to market forces. Products and services included are assessment rates, sanitary fees, refuse removal, water, electricity, paraffin, petrol, public transport – trains, motor licences, motor registration, telephone fees, postage, cell calls, television licence, school fees, university/technicons/colleges and university boarding fees.

CPI for regulated prices

Regulated prices are those administered prices that are monitored and controlled by government policy. To this end, price regulation does not necessarily imply the presence of an economic regulator, but the restriction on the extent to which prices June vary, depending on government’s policy objective. Products and services included are water, electricity, paraffin, petrol, telephone fees, postage and cell calls.

CPI per expenditure quintile

quintile 1 - up to R 21 399; quintile 2 - R 21 400 up to R 35 750; quintile 3 - R 35 751 up to R 61 624; quintile 4 - R 61 625 up to R 142 083; and quintile 5 - R 142 084 and more. The inflation rate is the change in the CPI for all items of the relevant month of the current year compared with the CPI for all items of the same month in the previous year expressed as a percentage.

Inflation rate

Monthly percentage change

The monthly percentage change is the change in the index of the relevant month compared with the index of the previous month expressed as a percentage.



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Publication date 17 September 2014 22 October 2014 19 November 2014

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