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Explore South Africa's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks

Wholesale Price Index of South Africa (2010 – 2019, Base Year 2010 = 100)

Wholesale price index (WPI) of South Africa was 146 in 2019
On a year-on-year basis, the wholesale price index of South Africa increased by 3.3% in 2019
Between 2010 to 2019, the wholesale price index in South Africa was highest in 2019 at 146 and was lowest in 2011 at 112

Overview of South Africa’s Wholesale Price Index

South Africa’s wholesale price index hit 146 in 2019. The index increased by 3.3% on a year-on-year basis in 2019. The wholesale price index of Algeria has been increasing in the upward direction since 2010, with the index rising from 112 points in 2011 to 146 points in 2019, keeping the base year 2010 at 100.

Comparing the three months ending in January 2020 to the three months ending in January 2019, wholesale trade sales climbed by 2.2%. Food, beverage, and tobacco dealers and suppliers of solid, liquid, and gaseous fuels and related items were the main drivers of this growth.

Wholesale Price Index Overview

The Wholesale price index (WPI) is “the price of a representative basket of goods. The wholesale price index refers to a mix of agricultural and industrial goods at various stages of production and distribution, including import duties. The Wholesale Price Index tracks changes in wholesalers' selling prices. The impact on consumer inflation increases as this number rises. The index is generated using consecutive price changes for the total output of items and has a base value of 100.

While the WPI focuses on the wholesale level, the concept of CPI focuses on the retail level. The two most useful and widely used metrics used to assess market inflation in a country are the wholesale price index and the consumer price index.

Key Elements Influenced by the Wholesale Price Index

Rising Inflation:

The inflation rates at both the retail and wholesale levels reflect high food, fuel, and commodity costs. Rising inflation leads to an increase in living expenses over time. Price increase could be a sign of an economy that is growing at a high rate.

Fiscal and Monetary Policies:

Both monetary and fiscal policies are used to regulate economic activity. Changes to these policies have an impact on the economy of the nation by changing the flow and supply of commodities, thereby impacting the wholesale prices.

Explore South Africa's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Explore South Africa's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Visit Report Store