Consumer Research Africa

Consumer Watch – January 2021

PMI took a dive in December 2020, landing close to the neutral mark. SA’s vehicle sales recovery plateaued in December 2020 with m-m sales down -4.6%. Inflation was steady in December as both CPI and PPI were relatively flat. February will see fuel price hikes, however, on a y-y basis petrol will be -8.8% cheaper. The rand closed the month of January -0.6% weaker y-y against the greenback.