When did cpi originate in south africa?
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The Consumer Price Index (CPI) originated in South Africa in 1925 when the Second International Conference of Labour Statisticians established the first international standards of measurement for the CPI . Since then, Statistics South Africa (StatsSA) has been diligently compiling and disseminating various CPI aggregates, including the Consumer Price Index, Core Index, CPIX, and the Food Price Index or CPIF . However, there have been challenges in the CPI calculation process, such as the unsatisfactory definition of rural areas, lack of provision for informal sector sales, and absence of accounting for food consumed away from home . Despite these challenges, StatsSA continues to work towards aligning with international best practices in CPI calculation to ensure accurate and reliable inflation data for South Africa.
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Open access•Posted Content 10 Citations | CPI in South Africa, specifically CPIX, originated in 2000 when the country adopted inflation targeting, focusing on the consumer price index excluding mortgage interest cost. |
| CPI, specifically CPIX, originated in South Africa in 2000 when the country adopted inflation targeting, focusing on the consumer price index excluding mortgage interest cost. | |
3 Citations | Consumer Price Index (CPI) originated in South Africa in 1925 when international standards were established. It has since evolved with revisions and is currently under review. |
| The Communist Party of South Africa (CPI) originated in 1921 and was later renamed the South African Communist Party (SACP) in 1953, playing a significant role in the country's liberation struggle. |
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