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

The annual inflation rate in South Africa fell to 4.4 percent in May of 2018 from 4.5 percent in the previous month and below market consensus of 4.6 percent. The slowdown in inflation rate was mainly due to lower prices of food and non-alcoholic drinks. Inflation Rate in South Africa averaged 9.09 percent from 1968 until 2018, 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 Eases to 4.4% YoY in May


The annual inflation rate in South Africa fell to 4.4 percent in May of 2018 from 4.5 percent in the previous month and below market consensus of 4.6 percent. The slowdown in inflation rate was mainly due to lower prices of food and non-alcoholic drinks.

Year-on year, prices rose at a softer pace for food and non-alcoholic beverages (3.4 percent compared to 3.9 percent in April), namely processed food (2.1 percent compared to 3.4 percent); recreation and culture (1.3 percent compared to 1.4 percent) and household equipment (2.4 percent compared to 2.6 percent). On the other hand, cost increased faster for miscellaneous goods and services (6.2 percent compared to 6.1 percent); alcoholic beverages and tobacco (6.2 percent compared to 6.0 percent); clothing and footwear (1.7 percent compared to 1.6 percent); restaurants and hotels (5.0 percent compared to 4.3 percent) and communication (1.1 percent compared to 1.0 percent). Additionally, inflation was steady for housing and utilities (4.8 percent, the same as in April); transport (5.0 percent); education (6.7 percent) and health (4.8 percent).

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy, eased to 4.4 percent in May from 4.5 percent in April, missing market expectations of 4.5 percent. Compared to April, core consumer prices was unchanged, after rising 0.6 percent in the previous month.

On a monthly basis, consumer prices increased 0.2 percent, slowing from a 0.8 percent gain in the previous month and down from market consensus of 0.3 percent.


Statistics South Africa | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/20/2018 8:32:49 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-18 08:00 AM Inflation Rate YoY 3.8% 4% 4.1% 4.4%
2018-05-23 08:00 AM Inflation Rate YoY 4.5% 3.8% 4.7% 4.1%
2018-06-20 08:00 AM Inflation Rate YoY 4.4% 4.5% 4.6% 4.9%
2018-07-18 08:00 AM Inflation Rate YoY 4.4% 5.0%
2018-08-22 08:00 AM Inflation Rate YoY 4.7%
2018-09-19 08:00 AM Inflation Rate YoY 4.6%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.40 4.50 20.70 0.20 percent [+]
Inflation Rate Mom 0.20 0.80 6.70 -0.70 percent [+]
Consumer Price Index CPI 107.20 107.00 107.20 1.20 Index Points [+]
Core Consumer Prices 106.90 106.90 106.90 63.30 Index Points [+]
Core Inflation Rate 4.40 4.50 8.30 2.90 percent [+]
Producer Prices 106.10 105.00 219.40 4.10 Index Points [+]
Producer Prices Change 4.40 3.70 8.80 2.61 percent [+]
Export Prices 149.00 155.50 155.50 0.60 Index Points [+]
Import Prices 141.40 142.00 143.60 1.20 Index Points [+]
Food Inflation 3.40 3.90 15.60 0.60 percent [+]
Inflation Expectations 5.34 5.34 8.72 3.90 Percent [+]
CPI Housing Utilities 105.70 105.70 105.70 56.80 Index Points [+]
CPI Transportation 108.20 106.90 116.90 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.50 20.70 0.20 1968 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.86 May/18
Canada 2.20 May/18
China 1.80 May/18
Euro Area 1.90 May/18
France 2.00 May/18
Germany 2.20 May/18
India 4.87 May/18
Indonesia 3.23 May/18
Italy 1.00 May/18
Japan 0.70 May/18
Mexico 4.51 May/18
Netherlands 1.70 May/18
Russia 2.40 May/18
South Korea 1.50 May/18
Spain 2.10 May/18
Switzerland 1.00 May/18
Turkey 12.15 May/18
United Kingdom 2.40 May/18
United States 2.80 May/18


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