Consumer price index (South Africa)

The consumer price index (CPI) is the official measure of inflation in South Africa.

One variant, the consumer price index excluding mortgage costs (CPIX), is officially targeted by the South African Reserve Bank[1] and a primary measure that determines national interest rates.

CPI minus mortgage costs (CPIX) is compiled only for both metropolitan and urban areas.

[3] CPIX is measured by excluding one section of the CPI basket of goods and services, the owner's equivalent rent, from the calculation.

Data for the revamped index had been collected since January 2008 in order to provide immediate historic comparisons after the change.