South Africa CPI Index in 2015
South Africa CPI Index opened 2015 at 96.69 and closed at 101.87, a +5.37% move for the year. The high of 101.87 was reached on December 1, and the low of 96.69 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 96.69 | 96.69 | 96.69 | 96.69 | +0.00% |
| Feb | 97.31 | 97.31 | 97.31 | 97.31 | +0.00% |
| Mar | 98.57 | 98.57 | 98.57 | 98.57 | +0.00% |
| Apr | 99.52 | 99.52 | 99.52 | 99.52 | +0.00% |
| May | 99.67 | 99.67 | 99.67 | 99.67 | +0.00% |
| Jun | 100.14 | 100.14 | 100.14 | 100.14 | +0.00% |
| Jul | 101.09 | 101.09 | 101.09 | 101.09 | +0.00% |
| Aug | 101.09 | 101.09 | 101.09 | 101.09 | +0.00% |
| Sep | 101.09 | 101.09 | 101.09 | 101.09 | +0.00% |
| Oct | 101.40 | 101.40 | 101.40 | 101.40 | +0.00% |
| Nov | 101.56 | 101.56 | 101.56 | 101.56 | +0.00% |
| Dec | 101.87 | 101.87 | 101.87 | 101.87 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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