Wednesday, 30th January 2008 at 3:11 pm by Rander
Inflation up to 8.6%

therandtoday174.jpgIt seems like there is no stopping the rate of inflation in South Africa. The countries consumer price index (CPIX) which excludes mortgage rate changes rose to 8.6% year-on-year in December 2007 from 7.9% in November. This does not bode well for the outlook of the South African economy adding to the current electricity problems being faced. The South Africa central bank is set to announce its decision on interest rates tomorrow (31 January 2008) and with inflation having risen, there could be a chance that interest rates will go up again tomorrow.

With inflation now at 8.6%, one wonders if the central banks target of having inflation of between 3 – 6% will ever be met. It seems like we are continuously edging further and further away from the target. The central bank has tried to bring the inflation rate back down to the target range by increasing interest rates but for now it seems not to be working.

Many predict interest rates not to go up tomorrow but some may change their minds after seeing the data released today of the increase in inflation. Another scary statistic is that annual CPIX for 2007 was 6.5% and in 2006 it was 4.6%. This is a very big increase showing that inflation in South Africa may not just be rising but it may actually be ‘getting out of control’.

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Comments

Thirusha Naicker on 5 March, 2008 at 12:48 pm #

i have an assignment on Inflation in south.
im looking for :
1]genenral info on inflation
2]causes
3]consequences
4 inflation in SA.
plse can you help…its a matric assignment.you rhelp will greatly appreciated.


judith on 10 March, 2008 at 8:50 pm #

i have an economics assignment about inflation,would like to have your help, if possible,about the inflation in south africa over the past 5 years, the cuses of its increase and basically a general overview.thank u


patie on 13 March, 2008 at 3:23 pm #

l have an assignment on Inflation in saout africa, may please help me on the :causes of inflation in SA
2)effects of inflation in SA.


salma on 18 March, 2008 at 9:21 am #

i have an assignment on Inflation in south.
im looking for :
1]genenral info on inflation
2]causes
3]consequences
inflation in SA.


muneera on 22 March, 2008 at 12:18 pm #

I HAVE AN ASSIGNMENT ON INFLATION IN SA LOOKING FOR THE FOLLOWING INFO PLEASE: (a)general info on inflation
(b)causes
(c)consequences


siphesihle on 25 April, 2008 at 11:16 pm #

I also have an assignment in South Africa on inflation, interest rates, CPIs , escalations ,etc.please help me espicially with the explanation on what the causes are and please also include any mathematical estimation techniques that may be necessary


Ashish on 15 May, 2008 at 6:42 pm #

I have an eco assngment on inflation im looking for information under the ffg topics
a)causes
B)consequences
C)mesures to control inflation


sanele on 9 August, 2008 at 2:04 pm #

I also have an assignment in South Africa about inflation.I would like to find help with reference to the South African economy, so that i could discuss about diferent approaches of measuring inflation.


buthane on 14 August, 2008 at 2:14 pm #

I want South frican inflation by 2008 to 2007


professor on 15 August, 2008 at 12:27 pm #

good


jeanean.naidoo on 23 August, 2008 at 3:47 pm #

i have an assignment on inflation in south africa. i am looking for;
1)general info on inflation
2)causes
3)consequenses
4)effects of inflation in s.a and sars

4)


jeanean on 23 August, 2008 at 3:49 pm #

i have an assignment on inflation in south africa. i am looking for;
1)general info on inflation
2)causes
3)consequenses
4)effects of inflation in s.a and sars

4)


jeanean on 23 August, 2008 at 3:50 pm #

i have an assignment on inflation in south africa. i am looking for;
1)general info on inflation
2)causes
3)consequenses
4)effects of inflation in s.a and sars


sivalingum.naicker on 23 August, 2008 at 4:01 pm #

i have an assignment on inflation in south africa. i am looking for;
1)general info on inflation
2)causes
3)consequenses
4)effects of inflation in s.a and sars


ANDRIES on 25 August, 2008 at 2:22 pm #

I HAVE ASSIGNMENTS FOR ECONOMICS AND DUE DATE IS TOMORROW AT 12HOO.CAN PLEASE FURNISH ME WITH INFLATION INFORMATION BASED ON:
1.CAUSE OF INLATION IN SOUTH AFRICA.
2.EFFECTS OF INFLATION IN SOUTH AFRICA
3.CONDEMMING THE INCREASING INFLATION IN SOUTH AFRICA.
4.RECENT REPORT ON INFLATION BY OUR MINISTER.


seema on 28 August, 2008 at 1:30 pm #

hey plz give me some information about causes and effects of inflation of year 2006,07,08….


nomcebo ngcobo on 9 September, 2008 at 8:20 pm #

pease give me information about causes. consequences and control measures for inflation


Fezile Michael Kemele on 23 January, 2009 at 3:51 pm #

i am preparing for examination on the 02/02/2009 on the economic forces that influence SABC as a broadcaster. would you help me with following:
- the rate of inflation as at the end of 2008
- rates of interest as at the end of 2008
- tax laws changes during 2008
- rand dollar exchange rates for the month ending Dec 2008 (An average please)
- Housing allowances


Fezile Michael Kemele on 23 January, 2009 at 3:54 pm #

I would like the information at least by Monday the 26/01/2009 so as to prepare. your assistance will help me a lot. i want to make it please. i am doing doing Honours in Communication in edia Studies. thank you.


Student on 20 February, 2009 at 12:22 pm #

I am very confused about inflation rates, consumer price index as well as escalation. What are the process of each? Its just a general knowledge question, not to do with any assignments etc. Just need help understanding it. I am highly confused, could someone please assist me?


sibonile on 13 March, 2009 at 9:57 am #

i would like to know abaut the causes of inflation and the consequenses of inflation


sibonile on 13 March, 2009 at 10:00 am #

i would like to know abaut the causes of inflation and the consequenses of inflation in details


Ntombekhaya on 25 March, 2009 at 8:44 am #

have an assignment on inflation in south africa. i am looking for;
1)general info on inflation
2)causes
3)consequenses
4)effects of inflation in s.a and sars


keabetswe mathabathe on 19 May, 2009 at 4:00 pm #

I have an assignment on inflation please help me out before 21-may-2009. THE QUESTIONS ARE AS FOLLOWS: (1) The characteristics of inflation. (2) The causes and consequenses of inflation. (3) The inflation problem in S A. (4) Measures to combat inflation.


keabetswe mathabathe on 19 May, 2009 at 4:02 pm #

Email address ia as follows:keabetswe8908@gmail.com


AZAEL NKALA on 14 August, 2009 at 3:39 pm #

I HAVE ASSIGNMENT OF INFLATION
1)CAUSE
2)KINDS
3)CALCULATION OF THE WEIGHTED AVERAGE INFLATION RATE
4)INFLATION TARGET


ntombi on 8 September, 2009 at 2:04 pm #

i have an assignment due tommorow i need to know the effects of inflation in south africa


Joseph Tshabalala on 8 February, 2010 at 8:38 am #

I am currenlty conducting a research about the effect of inflation on the South African economy, and i am looking for someone who would like to be involved. My e-mail address is: josephtshabalala@yahoo.com


Thulani on 22 April, 2010 at 12:10 pm #

plz inform me about the causes and consequences of inflation in south africa post 1994.


Siboniso on 23 April, 2010 at 2:06 pm #

I have an assignment about causes and consequences of inflation post 1994. Plz provide me with some tips


roshan on 5 May, 2010 at 9:55 am #

have an economics assignment about inflation,would like to have your help, if possible,about the inflation in south africa over the past 5 years, the cuses of its increase and basically a general overview.thank u


leebut on 15 May, 2010 at 7:29 pm #

I have an assignment on iflation and im looking for the main causes of inflatoin in South Africa


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