Inflation & Prices
Rosé Wine, Vaping In as South Africa Revamps Inflation Basket
- Weight of housing cut to 24.1% from 24.5%, food upped to 18.2%
- Transport weight reduced slightly, fuel down to 3.9% from 4.8%
South Africa will add rose wine to its inflation basket.
Photographer: Gerard Julien/AFP/Getty ImagesSouth Africa will add rosé wine, snuff and e-cigarette refills to its inflation basket and remove frozen potato chips and condensed milk to better reflect the nation’s fast-changing shopping habits.
South Africa’s statistics agency, in a periodic review, lowered the weight of housing in the basket of goods used to calculate the consumer price index to 24.1% from 24.5%. Even so, it remained the largest category, followed by food and non-alcoholic beverages, whose weight was increased to 18.2% from 17.1%.