South Africa Inflation Rate  1968-2018 | Data | Chart | Calendar

Consumer prices in South Africa increased 4.7 percent year-on-year in December of 2017, up from a 4.6 percent gain in the prior month and matching market expectations. The slight uptick in inflation rate was mainly driven by higher prices of transport. Inflation Rate in South Africa averaged 9.13 percent from 1968 until 2017, reaching an all time high of 20.70 percent in January of 1986 and a record low of 0.20 percent in January of 2004.

South Africa Inflation Rate
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South Africa December Inflation Rate Ticks Up to 4.7%


The consumer price index in South Africa increased 4.7 percent year-on-year in December of 2017, up from a 4.6 percent gain in the prior month and matching market expectations. The slight uptick in inflation rate was mainly driven by higher prices of transport.

Year-on-year, prices advanced faster for transport (6.4 percent vs 4.4 percent in November), amid higher costs in private transport operation (11.9 percent vs 6.9 percent), mostly fuel (14.2 percent vs 7.9 percent) as well as public transport (3.4 percent vs 2.5 percent).

Meanwhile, a slowdown in inflation was seen for: housing and utilities (4.4 percent vs 5.1 percent); food & non-alcoholic beverages (4.8 percent vs 5.2 percent); miscellaneous goods & services (7.1 percent vs 7.2 percent); alcoholic beverages & tobacco (4.9 percent vs 5 percent); household contents & equipment (1.7 percent vs 1.9 percent); recreation & culture (0.4 percent vs 1.5 percent) and restaurants & hotels (3 percent vs 3.3 percent). 

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy, decreased to 4.2 percent from 4.4 percent in November. It was the lowest rate since December 2011.

On a monthly basis, consumer prices inched up 0.5 percent, following a 0.1 percent increase in Novemebr and in line with market expectations.


Statistics South Africa | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
1/24/2018 9:13:43 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-22 08:00 AM Inflation Rate YoY 4.8% 5.1% 4.8% 5%
2017-12-13 08:00 AM Inflation Rate YoY 4.6% 4.8% 4.7% 5%
2018-01-24 08:00 AM Inflation Rate YoY 4.7% 4.6% 4.7% 4.7%
2018-02-21 08:00 AM Inflation Rate YoY 4.7% 4.70%
2018-03-20 08:00 AM Inflation Rate YoY 4.70%
2018-04-18 08:00 AM Inflation Rate YoY 4.80%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.70 4.60 20.70 0.20 percent [+]
Inflation Rate Mom 0.50 0.10 6.70 -0.70 percent [+]
Consumer Price Index CPI 104.70 104.20 104.70 1.20 Index Points [+]
Core Consumer Prices 104.20 103.90 104.20 63.30 Index Points [+]
Core Inflation Rate 4.20 4.40 8.30 2.90 percent [+]
Producer Prices 104.60 104.10 219.40 4.10 Index Points [+]
Producer Prices Change 5.10 5.00 8.80 2.61 percent [+]
Export Prices 149.10 147.50 149.10 0.60 Index Points [+]
Import Prices 137.60 136.20 143.30 1.20 Index Points [+]
Food Inflation 4.80 5.20 15.60 0.60 percent [+]
CPI Housing Utilities 104.40 104.00 104.40 56.80 Index Points [+]
CPI Transportation 106.40 104.80 116.90 81.70 Index Points [+]


South Africa Inflation Rate

In South Africa, the most important categories in the consumer price index are Housing and Utilities (24.5 percent of total weight), Transport (16.4 percent) and Food and Non-Alcoholic Beverages (15.4 percent). Others include: Miscellaneous Goods and Services such as personal care, Insurance and Finance (14.7 percent); Alcoholic Beverages and Tobacco (5.4 percent); Household Contents, Equipment and Maintenance (4.8 percent); Recreation and Culture (4.1 percent); Clothing and Footwear (4.1 percent). Restaurants and Hotels, Education, Communication and Health account for the remaining 10 percent. The CPI basket was revised in January of 2013. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.60 20.70 0.20 1968 - 2017 percent Monthly




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.95 Dec/17
Canada 2.10 Nov/17
China 1.80 Dec/17
Euro Area 1.40 Dec/17
France 1.20 Dec/17
Germany 1.70 Dec/17
India 5.21 Dec/17
Indonesia 3.61 Dec/17
Italy 0.90 Dec/17
Japan 0.60 Nov/17
Mexico 6.77 Dec/17
Netherlands 1.30 Dec/17
Russia 2.50 Dec/17
South Korea 1.50 Dec/17
Spain 1.10 Dec/17
Switzerland 0.80 Dec/17
Turkey 11.92 Dec/17
United Kingdom 3.00 Dec/17
United States 2.10 Dec/17


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