Why an Economics Professional Body? There are some obvious and not so obvious reasons and purposes to have a professional body for economists. I am happy to note that a lot of the reasons and purposes are provided for in the Society’s constitution. Some of these are as follows.
It also does not help that many of these increases affect the regular, high-frequency expenses of households, and therefore contribute to perceptions of high inflation among the general public. The recent encouraging signs in price trends  This is not to say, however, that price-formation patterns in South Africa are completely static.