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

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. Inflation Rate in South Africa averaged 9.18 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-19 08:00 AM Mar 6.1% 6.3% 6.3% 6.3%
2017-05-24 08:00 AM Apr 5.3% 6.1% 5.6% 5.7%
2017-06-21 08:00 AM May 5.4% 5.3% 5.3% 5.3%
2017-07-19 08:00 AM Jun 5.4% 5.3%
2017-08-23 08:00 AM Jul 5.4%
2017-09-20 08:00 AM Aug 5.2%




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.

Year-on-year, prices rose faster for food and non-alcoholic beverages (6.9 percent from 6.7 percent in April); transport (5.2 percent from 4.6 percent); health (6.9 percent from 6.5 percent); alcoholic beverages and tobacco (3.1 percent from 2.9 percent) and recreation and culture (3.8 percent from 3.6 percent). In contrast, inflation was steady for housing and utilities (5.7 percent); miscellaneous goods and services (7.3 percent); education (7 percent); household contents (2.8 percent) and slowed for restaurants and hotels (4.8 percent from 6.4 percent); health (6.5 percent from 6.2 percent) and clothing and footwear (3.9 percent from 4 percent). 

Annual core inflation which excludes cost of food, non-alcoholic beverages, petrol and energy was steady at 4.8 percent, the lowest rate since January of 2013.

On a monthly basis, consumer prices increased 0.3 percent, after edging up 0.1 percent in April and higher than expectations of 0.2 percent. Food and non-alcoholic beverages (0.5 percent) and transport (1.2 percent) made the only upward contributions. 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
6/21/2017 8:32:44 AM


Recent Releases

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

South Africa Inflation Rate Down To 6-Month Low
Consumer prices in South Africa increased 6.1 percent year-on-year in March of 2017, lower than a 6.3 percent rise in February and below market expectations of 6.3 percent. It is the lowest inflation rate in six months due to a slowdown in food inflation.
Published on 2017-04-19

South Africa Inflation Rate Slows To 6.3% in February
Consumer prices in South Africa rose 6.3 percent year-on-year in February of 2017, following a 6.6 percent gain in January, matching market expectations. It was the lowest inflation rate since September of 2016, as prices rose less for food and non-alcoholic beverages and household contents and services.
Published on 2017-03-22

South Africa Inflation Rate Slows To 6.6% in January
Consumer prices in South Africa rose 6.6 percent year-on-year in January of 2017, following a 6.8 percent gain in December and below market expectations of a 6.7 percent increase, as prices went up at a slower pace for food and non-alcoholic beverages.
Published on 2017-02-15



South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 5.40 5.30 20.70 0.20 percent [+]
Inflation Rate Mom 0.30 0.10 6.70 -0.70 percent [+]
Consumer Price Index CPI 102.70 102.40 102.70 1.20 Index Points [+]
Core Consumer Prices 102.30 102.10 102.30 63.30 Index Points [+]
Core Inflation Rate 4.80 4.80 8.30 2.90 percent [+]
Producer Prices 101.60 101.30 219.40 4.10 Index Points [+]
Producer Prices Change 4.60 5.20 8.80 2.61 percent [+]
Export Prices 146.80 146.00 146.80 0.60 Index Points [+]
Import Prices 135.50 138.10 143.30 1.20 Index Points [+]
Food Inflation 6.90 6.70 15.60 0.60 percent [+]
Cpi Housing Utilities 100.90 100.90 100.90 56.80 Index Points [+]
Cpi Transportation 103.00 101.80 116.90 81.70 Index Points [+]


South Africa Inflation Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.30 20.70 0.20 1968 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.60 May/17
Canada 1.30 May/17
China 1.50 May/17
Euro Area 1.40 May/17
France 0.80 May/17
Germany 1.50 May/17
India 2.18 May/17
Indonesia 4.33 May/17
Italy 1.40 May/17
Japan 0.40 Apr/17
Mexico 6.16 May/17
Netherlands 1.10 May/17
Russia 4.10 May/17
South Korea 2.00 May/17
Spain 1.90 May/17
Switzerland 0.50 May/17
Turkey 11.72 May/17
United Kingdom 2.90 May/17
United States 1.90 May/17