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Consumer Price Index The South African CPI Sources and ...
THE South AFRICA I KNOW, THE HOME I UNDERSTAND Consumer Price Index The South African CPI Sources and Methods Manual 15 March 2017 2 THE South AFRICA I KNOW, THE HOME I UNDERSTAND Table of contents CHAPTER 1: INTRODUCTION TO THE South African Consumer Price Index (CPI) .. 5 1. Defining the Consumer Price Index .. 5 2. The South African CPI .. 5 Uses of the South African CPI .. 5 History of the South African CPI .. 5 3. Alignment with international best practice in CPI formulation .. 5 International expert groups .. 5 International 6 CHAPTER 2: CLASSIFICATION OF GOODS AND SERVICES .. 8 1. Background .. 8 2. Classification of Individual Consumption by Purpose (COICOP) .. 8 Individual consumption .. 8 Structure of COICOP classification in the South African CPI .. 9 Product types .. 10 Mixed purpose goods and services .. 12 CHAPTER 3: WEIGHTS IN THE CPI .. 13 1. Introduction.
2. The South African CPI 2.1 Uses of the South African CPI The South African CPI has three equally important objectives: 1. To measure inflation in the economy so that macroeconomic policy is based on comprehensive and up-to-date price information. 2. To provide a deflator of consumer expenditure in the expenditure national accounts and other
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