[ICYMI] Rising food prices | A close look at inflation in South Africa
are based on the rate of change in the consumer price index . Both the CPI and the rate of inflation are calculated by Statistics SA .for the country’s nine provinces, for different income groups and for different demographic groups, for instance pensioners. These differentiated calculations are necessary because household spending patterns differ by region as well as by income and demography.
These different rates have various uses. For instance, the inflation rates per income decile give an indication of price changes affecting different income groups. The rate of inflation calculated for pensioners is sometimes used as a basis for pension adjustments. The inflation rates per province is used by businesses with a national footprint to assess financial performance and cost pressures of operations in different provinces.
For the purpose of public communication, policy decisions and international comparison, one rate of inflation is calculated and published for the country. This single rate is what gets media attention.
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