{"id":151262,"date":"2017-01-18T10:41:46","date_gmt":"2017-01-18T08:41:46","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=151262"},"modified":"2017-01-18T10:49:20","modified_gmt":"2017-01-18T08:49:20","slug":"consumer-inflation-rises-to-6-8-in-december","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/151262\/consumer-inflation-rises-to-6-8-in-december\/","title":{"rendered":"Consumer inflation rises to 6.8% in December"},"content":{"rendered":"<p>Statistics South Africa has recorded a 6.8% year-on-year increase in the Headline consumer price index in the month of December.<\/p>\n<p>This was\u00a0represented by a 0.4% month-on-month consumer price index increase in December 2016, compared to November&#8217;s the previous month&#8217;s 0.3%.<\/p>\n<p>Core inflation was the biggest contributor to the monthly increase with food and non-alcoholic beverages, housing and utilities, and petrol being the hardest hit.<\/p>\n<p>The CPI is a social and economic indicator constructed to measure changes in the general level of prices of consumer goods and services that households acquire, use, or pay for.<\/p>\n<p>According to StatsSA, this is done by measuring the cost of purchasing a fixed basket of consumer goods and services of constant quality and similar characteristics, with the products in the basket being selected to be representative of households\u2019 expenditure during a year or other specified period.<\/p>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/finance\/145799\/inflation-and-a-weak-economy-will-kill-your-salary-increase-in-2017\/\" target=\"_blank\">Inflation and a weak economy will kill your salary increase in 2017<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statistics South Africa has recorded a 6.8% year-on-year increase in the Headline consumer price index in the month of December.<\/p>\n","protected":false},"author":10,"featured_media":54313,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[25],"class_list":["post-151262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-active"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/151262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=151262"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/151262\/revisions"}],"predecessor-version":[{"id":151278,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/151262\/revisions\/151278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/54313"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=151262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=151262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=151262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}