The Core Consumer Price Index (CPI) is an economic indicator measures the changes in the price of goods and services, excluding food and energy produced within a particular country. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive outcome for the South African economy, while a lower than expected reading should be taken as a negative outcome for the South African economy. This will also affect the the Rand.
The actual rate came in at 0.2% which is what was forecasted. The previous rate was 0.3%.
The Consumers Price Index (CPI) remained consistent with expectations and the previous month’s rate at 0.2%. measures the rate of price change of goods and services purchased by households.