South Africa Inflation Rate  1968-2017 | Data | Chart | Calendar

Inflation rate in South Africa increased to 4.8 percent from 4.6 percent in July which was the lowest since September of 2015 but below market expectations of 4.9 percent. Transport prices rose faster while food cost increased the least since November of 2015. Also core inflation fell to 4.6 percent, the lowest in five years. Inflation Rate in South Africa averaged 9.16 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 Inflation Rate Edges Up to 4.8% in August


Inflation rate in South Africa increased to 4.8 percent from 4.6 percent in July which was the lowest since September of 2015 but below market expectations of 4.9 percent. Transport prices rose faster while food cost increased the least since November of 2015. Also core inflation fell to 4.6 percent, the lowest in five years.

Year-on-year, prices rose faster for transport (3.9 percent compared to 1 percent in July) as fuel cost recovered (5.7 percent compared to -3.6 percent) and alcoholic beverages and tobacco (4.3 percent compared to 3.3 percent). On the other hand, a slowdown was seen in cost of food and non-alcoholic beverages (5.7 percent compared to 6.8 percent); miscellaneous goods and services (7.5 percent compared to 7.6 percent) and recreation and culture (2.4 percent compared to 3.2 percent). Inflation was steady for housing and utilites (4.5 percent) and education (7 percent). 

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy fell to 4.6 percent, the lowest rate since August of 2012 compared to 4.7 percent in July.

On a monthly basis, consumer prices edged up 0.1 percent, following a 0.3 percent rise in July. Cost increased for alcoholic beverages and tobacco (1.2 percent) and transport (0.5 percent) but fell for food (-0.2 percent). 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
9/20/2017 10:10:41 AM


Recent Releases

South Africa Inflation Slows to Near 2-Year Low of 4.6%
Consumer prices in South Africa increased 4.6 percent year-on-year in July of 2017, below a 5.1 percent rise in June and in line with market expectations. It is the lowest inflation rate since September of 2015, mainly due to a slowdown in cost of food and electricity and a fall in fuel prices.
Published on 2017-08-23

South Africa Inflation Rate Slows To 1-1/2-Year Low
South Africa's consumer prices increased by 5.1 percent year-on-year in June 2017, easing from a 5.4 percent in May and missing market expectations of a 5.2 percent gain. It was the lowest inflation rate since November 2015, as cost of transport, clothing and footwear, and restaurants and hotels rose at a slower pace.
Published on 2017-07-19

South Africa Inflation Rate Edges Up To 5.4%
Consumer prices in South Africa increased 5.4 percent year-on-year in May of 2017, higher than 5.3 percent in April which was the lowest rate since December of 2015. Figures came above market expectations of 5.3 percent due to rising cost of food and non-alcoholic beverages and transport.
Published on 2017-06-21

South Africa Inflation Rate Down To 2015 Low Of 5.3%
Consumer prices in South Africa rose 5.3 percent year-on-year in April of 2017, easing from a 6.1 percent increase in March and below market expectations of 5.6 percent. It is the lowest inflation rate since December of 2015, mainly due to a slowdown in prices of food and transport.
Published on 2017-05-24



Calendar GMT Actual Previous Consensus TEForecast
2017-07-19 08:00 AM Inflation Rate YoY 5.1% 5.4% 5.2% 5.3%
2017-08-23 08:00 AM Inflation Rate YoY 4.6% 5.1% 4.6% 4.7%
2017-09-20 08:00 AM Inflation Rate YoY 4.8% 4.6% 4.9% 4.8%
2017-10-18 08:00 AM Inflation Rate YoY 4.8% 4.7%
2017-11-22 08:00 AM Inflation Rate YoY 4.5%
2017-12-13 08:00 AM Inflation Rate YoY 4.5%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.80 4.60 20.70 0.20 percent [+]
Inflation Rate Mom 0.10 0.30 6.70 -0.70 percent [+]
Consumer Price Index CPI 103.30 103.20 103.30 1.20 Index Points [+]
Core Consumer Prices 103.40 103.30 103.40 63.30 Index Points [+]
Core Inflation Rate 4.60 4.70 8.30 2.90 percent [+]
Producer Prices 102.30 101.80 219.40 4.10 Index Points [+]
Producer Prices Change 3.60 4.00 8.80 2.61 percent [+]
Export Prices 147.50 146.80 147.50 0.60 Index Points [+]
Import Prices 136.20 135.50 143.30 1.20 Index Points [+]
Food Inflation 5.70 6.80 15.60 0.60 percent [+]
CPI Housing Utilities 103.00 103.00 103.00 56.80 Index Points [+]
CPI Transportation 101.70 101.20 116.90 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.80 4.60 20.70 0.20 1968 - 2017 percent Monthly




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17