Statistics South Africa has updated its Consumer Price Index (CPI) basket of goods and services, providing insight into how consumer spending patterns have shifted over the five years.
South Africa’s CPI basket is typically reviewed every four to five years to ensure that it adequately reflects trends in household spending, technology and consumer tastes.
In the most recent update – published in January 2022 and referencing the year 2019 – the CPI basket will now contain 415 items, up from 404 in 2016. A total of fourteen new items were added, while two items were removed from the basket. Some products were either split into two or combined into one.Changes in consumer technologies have a large impact on the composition of the basket.
Energy-saving and traditional lightbulbs, previously listed as separate items, were amalgamated into one product following the near disappearance of incandescent bulbs. The item ‘pre-recorded CDs’ was renamed ‘CDs, subscription and streaming music’ to reflect the growth in consumer appetite for streaming music services.
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