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 index aims to measure the change in consumer prices over time. 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.
Key Features and Coverage on RIMES
For this data source, RIMES hosts approximately 743 CPI indices. Some of the data items available include:
- Database Domain Code
- Last Price Date
- Price Index
- Database Symbol