Arabile Gumede explains what consumer price index is


Nondwe Maqubela

58 days ago
Arabile Gumede explains what consumer price index is

Stats SA has published its latest Consumer Price Index (CPI), with annual consumer inflation easing to 4.9% in June after a 30-month high of 5.2%.

It's the growth in prices. Or explained in another way, it's the rise in the price of goods and services. So whenever something has cost you R100, and next year it costs you R120. That R20 difference is inflation.

Arabile Gumede, Money Minute

Arabile Gumede explains CPI

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