The annual inflation rate in South Africa fell to 4.0 percent in July 2019 from 4.5 percent in June, well below market expectations of 4.4 percent and the mid-point of the Reserve Bank's target range of 3-6%. This is the lowest inflation rate since January, amid a decrease in fuels cost. Inflation Rate in South Africa averaged 8.99 percent from 1968 until 2019, 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.
Inflation Rate in South Africa is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in South Africa to stand at 4.80 in 12 months time. In the long-term, the South Africa Inflation Rate is projected to trend around 4.60 percent in 2020, according to our econometric models.