MyBroadbandâs IT salary survey revealed that the average IT salary (basic salary only) in South Africa is R31,738 per month.
Consumer good. Written By: Consumer good, in economics, any tangible commodity produced and subsequently purchased to satisfy the current wants and perceived needs of the buyer. Consumer goods are divided into three categories: durable goods, nondurable goods, and services. Consumer durable goods have a significant life span, often three years or more (although some authorities classify goods with life spans of as little as one year as durable).
According to the Bureau of Labor Statistics (BLS), the Consumer Price Index can be defined as âa measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.â On the website of the BLS there is a copious amount of information concerning the CPI.ne example of this is income taxes paid by individuals. In terms of what it measures, the CPI includes a myriad of items organized into eight major categories: Food and Beverage, Housing, Apparel, Transportation, Medical Care, Recreation, Education and Communication, and Other Goods and Services.