Stats SA announces changes to consumer price index basket

Statistician-General Pali Lehohla says the overall weighting has been adjusted from 396 to 412 to ensure the accuracy of the index to inflation.

FILE: Statistician General Pali Lehohla. Picture: EWN.

JOHANNESBURG - Stats SA has announced changes to the consumer price index basket.

Statistician-General Pali Lehohla says the overall weighting has been adjusted from 396 to 412 to ensure the accuracy of the index to inflation.

The update to the basket and weighting is based on the living conditions survey - which was also released today.

Lehohla has announced products that have moved in and out of the basket, with most that were previously grouped together now being split in order to have a specific weight attached to them.

This includes beef, which has now been split into four categories namely - mince, steak, offal and stewing beef.

Lehohla says consumer patterns led to the change.

The changes to weights have also altered several other areas - including the transport category in which South Africans are spending 2% less as a result of fuel decreases, running expenses and public transport.

(Edited by Winnie Theletsane)