Updated CPI-common estimate for SA

Codera’s core inflation measure continues to suggest that there has been more broad-based inflation pressure since 2019 than implied by the Statistics SA core or trimmed mean measures of underlying inflation. As we argued earlier, measures of trend inflation have been higher than Statistics South Africa’s core measure, which has implications for South Africa’s optimal inflation rate (or the appropriate inflation target) since inflation dispersion affects welfare.

Codera Blog Newsletter

Sign up to receive a weekly summary of our blog posts

Check your inbox for a confirmation email