Information and communication inflation analysis for Jan 2025
Information and communication key statistics
What is happening to Information and communication prices? 📈
Speeding Up or Slowing Down?
Year-on-year Information and communication inflation rate vs CPI headline
Highlights
What happened to Information and communication prices over the last twelve months?
Information and communication prices have increased by -0,5% over the last 12 months. This compares to overall consumer inflation (as measured by CPI) of 3,2%.
How does Information and communication price inflation compare to headline CPI and other major sectors?
| Basket | 12m change | |
|---|---|---|
| 1 | Education | 6,4% |
| 2 | Personal care and miscellaneous services | 5,9% |
| 3 | Restaurants and accommodation services | 4,9% |
| 4 | Housing and utilities | 4,5% |
| 5 | Health | 4,4% |
| 6 | Alcoholic beverages and tobacco | 4,3% |
| 7 | CPI Headline | 3,2% |
| 8 | Food and non alcoholic beverages | 2,3% |
| 9 | Furnishings, household equipment and routine maintenance | 1,8% |
| 10 | Clothing and footwear | 1,5% |
| 11 | Recreation, sport and culture | 1,5% |
| 12 | Transport | -0,2% |
| 13 | Information and communication | -0,5% |
Information and communication ranks 13 out of 13 major sectors, with a -0,5% price increase over the past 12 months. This is below the overall consumer price inflation rate of 3,2%, indicating that Information and communication prices are rising slower than most other consumer goods and services.
Is Information and communication price inflation accelerating or slowing down?
What was the inflation rate in Information and communication in previous month?
Previous, year-on-year inflation in Information and communication came in at -0,2% (Invalid Date). The most recent year-on-year inflation rate for Invalid Date was -0,5%. That means, we have seen a cost deceleration compared to the previous 12 months.
How has the inflation rate in Information and communication changed over the last two years?
If we look back over a longer period, we see that Information and communication year-on-year inflation has been averaging -0,3% over the past 2 years. The most recent year-on-year inflation rate for Invalid Date was -0,5%. That means, Information and communication most recent year-on-year price inflation of -0,5% is below the average inflation rate of -0,4% over the past 2 years. The trend is down.
How does -0,5% in Information and communication inflation compare historically? Has Information and communication inflation been higher or lower historically?
How much did Information and communication cost 1 year, 2 years, 5 years and 10 years ago?
| Period | Rand amount | Total Change |
|---|---|---|
| Current | 1 000 | - |
| 1 year ago | 1 005 | -0,5% |
| 2 years ago | 1 007 | -0,7% |
| 5 years ago | 1 025 | -2,4% |
| 10 years ago | 1 026 | -2,5% |
Costs relating to Information and communication which cost R1,000 today would have cost you R1 005 one year ago, R1 007 two years ago, and R1 025 five years ago. This shows how the purchasing power of your money has declined over time due to inflation in Information and communication prices.