Template-Type: ReDIF-Paper 1.0
Author-Name: Samantha de Kock
Author-Name: MG Ferreira
Author-Name: Mpho Rapapali
Author-Name: Witness Simbanegavi
Author-Name: Mokgabiso Tshenkeng
Title: A supercore inflation measure for South Africa
Abstract: We construct a new inflation measure to monitor underlying price developments in South Africa, termed supercore inflation. Supercore inflation is made up of the components of core inflation that are responsive to general economic conditions, as measured by the output gap. Our findings reveal that demand-driven inflationary pressures, as measured by supercore inflation, are presently balanced, with inflation outcomes hovering around the target midpoint over the past year. The finding of balanced demand-driven inflationary pressures is consistent with a virtually closed output gap over the past year, as indicated by the South African Reserve Banks Quarterly Projection Model.
Creation-Date: 2024-08-01
File-URL: https://www.resbank.co.za/content/dam/sarb/publications/special-occasional-bulletins/2024/special-o-b-e-n-2402-a-supercore-inflation-measure-for-south-africa-august-2024.pdf
File-Format: application/pdf
File-Function: Revision
Number: 11011
Handle: RePEc:rbz:specialoboens:11011