Inflation quickens slightly in December Page 3

CONTENTSstats bizYour monthly update on South Africa’s economic indicators

Mining falls for the fourth month in a row

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Retail trade sales growthin November

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Western Cape has the highest inflation rate

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Headlines

Infographics

Provincial snapshot

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Economic headlines

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Keshnee Naidoo provides a quick overview of the latest retail trade figures (watch the video here).

Black Friday boosts store sales

Juan-Pierre Terblanche breaks down the latest mining figures in this video.

Mining falls for the fourth month in a row

11 000 full-time and 17 000 part-time jobs were shed in the third quarter of 2019 (click here to read more).

The formal sector loses 28 000 jobs

You can now explore the SDGs data for South Africa using this new online tool (click here to read more).

Tracking the Sustainable Development Goals

Click here to browse more headlines.

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PRIMARY SECTOR

SECONDARY SECTOR

TERTIARY SECTORMINING

Production

3,1% y/y in Nov

MANU-FACTURING

ELECTRICITY

RETAIL TRADE

MOTOR TRADE

WHOLESALE TRADE

Production

3,6% y/y in Nov

Distribution

3,1% y/y in Nov

Sales

3,7% y/y in Nov

Sales

2,6% y/y in Nov

Sales

4,5% y/y in Nov

INFLATION

4,0% y/y in Dec

CPI

TERTIARY SECTOR

TOURIST ACCOMMODATION

Click on for each indicator to access the complete report.

The indicators shown here provide an indication of how various sectors of South Africa’s economy are performing.

y/y = year-on-year

FOOD & BEVERAGES Income

0,5% y/y in Nov

0,6% y/y in Nov

Income

ABOUT

3,4% y/y in Dec

PPI

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Monthly economic indicators

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Feature articleInflation quickens slightly in December

Annual consumer inflation edged up to 4,0% in December from November’s 3,6%. The main contributors to the 4,0% rate were food and non-alcoholic beverages; housing and utilities; transport; and miscellaneous goods and services.

The food and non-alcoholic beverages category recorded an annual rate of 3,9%, slightly higher than the 3,5% recorded in November. Bread and cereal prices continue to place pressure on overall food inflation, increasing by 8,0%, which was unchanged from November’s reading.

Meat inflation picked up from November’s 1,8% to 2,0% in December. Meat products that experienced the biggest annual price increases were corned beef, chicken portions (both frozen and fresh) and ham. These increases were offset by falling prices in biltong, bacon and mutton.

Click here to read more.

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Infographic of the month

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Provincial snapshot

Western Cape had the highest inflation rate in 2019You are not imagining things – if you feel your money is buying less than it did a year ago –you are not alone.

South Africa’s average inflation rate for 2019 was 4,1%. This means that the general price level of goods and services that we buy increased by 4,1% over the year.

Those living in the Western Cape felt the most pain, with prices rising by 4,9%. The province with the lowest inflation rate for the year was North West at 3,6%.

The good news is that South African inflation has been slowing. The 2019 average of 4,1% is lower than the rates recorded for 2018 (4,7%) and 2017 (5,3%).

Download the latest Consumer Price Index (CPI) release here.

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LP4,4%

GP4,0%

MP4,0%

KZN3,8%

NW3,6%

FS4,1%

EC3,7%

NC4,1%

WC4,9%

National inflation

4,1%

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