CPI August 2019 P0141 Flashcards
Key findings of CPI August 2019 as well as some theory important to understand the document
What was the most recent headline inflation and when was the finding for? How is w.r.t. the previous period and when was this period?
4.3% in August 2019, up from 4.0% in July 2019
What were the main contributors to annual consumer price inflation?
The main contributors were:
- food and non-alcoholic beverages
- Housing and utilities
- Miscellaneous goods and services
By how much did food and non-alcoholic beverages increase?
How much did it contribute to headline cpi?
Food and non-alcoholic beverages increased by 3.9% Y-O-Y
Contributed 0.7 percentage points to annual rate of 4.3%
By how much did Housing and utilities increase?
How much did this contribute to headline cpi?
Housing and utilities increased by 5.3% Y-O-Y
and
Contributed 1.3 of a percentage point
By how much did Miscellaneous goods and services increase?
How much did this contribute to headline?
Miscellaneous goods and services increased by 5.8% Y-O-Y
and
contributed 0.9 of a percentage point
What were the main contributors to the monthly increase in the CPI?
How much did these each increase by and by how much did they contribute to this increase?
- Food and non-alcoholic beverages, up by 0.5% m-o-m, contributing 0.1 percentage points
- Housing and utilities, up by 0.3% m-o-m, contributing 0.1 percentage points
What were the annual inflation rates for goods and for services?
Goods: 3.9%
Services 4.7%
What was the range of provincial annual inflation rates?
3.8% North West to 4.9% Western Cape
What kind of rate is the annual CPI based on?
Why is this kind of data used?
Year-on-year, non seasonally adjusted
Trying to measure price effects thus seasonal changes fine
What kind of inflation is headline inflation?
The inflation in all urban areas (only urban areas)
What is an administered price?
A Price set by the producer (supply) and/or any price determined or influenced by govt WITHOUT REFERENCE TO MARKET FORCES
i.e. without demand and supply working
Why is it bad if the primary driver of inflation is administered prices?
Since they are WITHOUT REFERENCE TO MARKET FORCES there is nothing SARB can do to affect them since they are NOT SENSITIVE TO INTEREST RATES
What are regulated prices?
They are administered prices that are MONITORED and CONTROLLED by GOVT POLICY
