CPI could hit 6% by 2016 - inflation expert | Fin24
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Coronavirus Funding

    Could a R100 billion social impact bond help fund SA's Covid-19 interventions?

  • Money Clinic

    I have invested R1m to be paid out monthly, I have not received any during Covid-19. What can I do?


CPI could hit 6% by 2016 - inflation expert

Jul 22 2015 07:47
Matthew le Cordeur

Cape Town – The Consumer Price Index (CPI) will likely show an increase to 4.7% in June 2015, showing a 0.4% month-on-month (m/m) increase, according to an inflation expert on Tuesday.

Stats SA will announce the official results on Wednesday morning.

This is the fourth monthly increase in year-on-year (y/y) inflation following six months of decreases, according to The Inflation Factory’s (TIF) Riyadh Bhyat.

“Simple projections of CPI show the y/y rate continuing to increase through to January 2016, with a strong chance of (the CPI) breaching the 6% ceiling by that time,” he said.

Examining the price of books over the last year, TIF revealed that there was a 21% increase in book prices over the last year, which he said “bodes ill for broadening the number of South African readers”.

Only 14% of South Africans consider themselves committed to reading, with a main reason for this being the high purchase price of books which discourages mass consumption, according to Factors Influencing the Cost of Books in South Africa, SABDC.

GRAPH: Books vs TIF CPI Index   

Source: The Inflation Factory

inflation  |  cpi


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote