Stats SA announces changes to CPI basket

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Statistics South Africa has announced the changes to the Consumer Price Index (CPI) weights and basket of goods and services.

International standards require the CPI basket to be updated at least every five years to ensure that the inflation measurement reflects changes in consumers’ spending patterns.

The CPI statistical release for January 2022 will be released on 16th February 2022 using an updated basket of goods and services and corresponding weights.

Chief Director for Price Statistics SA Patrick Kelly says there are 14 new products entering the CPI basket while two items will be excluded from the basket.

“So, the items that are coming in are dairy fruit juice blends, which we have had previous in the basket. Cappuccino and coffee sachets, samp which has also been previously in the basket, purée baby food and jam. We’ve combined two types of maize meals. So, the last number of years we’ve had separate indices for super maize meal and special maize meal. So special maize meal is not that available typically purchased in the KZN area. There are quite a lot of operational challenges getting consistent pricing for that.”

In the Twitter thread below, Stats SA gives a breadown of the goods added: 

Food and non-alcoholic beverages

Alcoholic beverages

Recreation and culture

Miscallaneous – personal care

High level change in weights