In this regard, it seems appropriate to once again refer to South Africa, although this time as an example of how things should preferably not be done. In 2003, a relatively small distortion in the compilation of the CPI caused, when it was discovered, a downward revision of some 2 percentage points in the inflation rate.
The current financial crisis has forced us all to make a major re-assessment of the way in which we have generally perceived the economy to work. Previous fundamental relationships and economic correlations we took for granted have come under question and this has caused intense debate in almost all areas of economic discourse.