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The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care in South Africa. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. CPI is used as an economic indicator and a means to adjust inflation.
A practical guide to identifying and avoiding loan scams in South Africa, including the most common red flags, how to verify a lender, and what to do if you have been targeted.
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Before taking a payday loan, consider these practical alternatives available in South Africa that may cost less and put less pressure on your budget.
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