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

The annual inflation rate in South Africa dropped to 4.9 percent in August 2018 from a 10-month high of 5.1 percent in July and against market expectations of 5.2 percent. The slowdown in inflation mainly reflected softening prices of transport. Inflation Rate in South Africa averaged 9.07 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.

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South Africa Inflation Rate Unexpectedly Slows to 4.9%

The annual inflation rate in South Africa dropped to 4.9 percent in August 2018 from a 10-month high of 5.1 percent in July and against market expectations of 5.2 percent. The slowdown in inflation mainly reflected softening prices of transport.

Year-on-year, prices advanced at a slower pace for: transport (9.5 percent vs 10 percent in July), namely fuel (23.6 percent vs 25.3 percent); miscellaneous goods and services (5.6 percent vs 5.7 percent); alcoholic beverages & tobacco (4.6 percent vs 6.0 percent) and recreation & culture (0.3 percent vs 0.4 percent). On the other hand, inflation quickened for housing & utilities (5.3 percent vs 5.2 percent), of which water (11.2 percent vs 11.0 percent) and electricity (7.8 percent vs 7.7 percent); food & non-alcoholic beverages (3.5 percent vs 3.4 percent), mostly vegetables (8.9 percent vs 8.8 percent); household contents and services (2.9 percent vs 2.8 percent) and clothing & footwear (1.9 percent vs 1.8 percent).

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy, eased to 4.2 percent in August from 4.3 percent in July, slighlty below market consensus of 4.3 percent. Compared to July, core consumer prices were flat, following a 0.6 percent rise in the previous month.

On a monthly basis, consumer prices decreased 0.1 percent, after increasing 0.8 percent in July and compared with market expectations of a 0.15 percent gain.

Statistics South Africa | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/19/2018 9:36:06 AM

Recent Releases

South Africa Inflation Rate Edges Up to 5.1% in July
The annual inflation rate in South Africa rose to 5.1 percent in July of 2018 from 4.6 percent in June and above market expectations of 5.0 percent. It was the highest inflation rate since September last year, boosted by cost of housing and utilities and transport.
Published on 2018-08-22

South Africa Inflation Rate Rises to 6-Month High in June
The annual inflation rate in South Africa increased to 4.6 percent in June of 2018 from 4.4 percent in the previous month and below market expectations of 4.8 percent. It was the highest inflation rate since December last year, mainly due to higher prices of transport.
Published on 2018-07-18

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.
Published on 2018-06-20

South Africa Inflation Rate Rises to 4-Month High in April
The annual inflation rate in South Africa rose to 4.5 percent in April of 2018 from 3.8 percent in the previous month and below market expectations of 4.7 percent. It was the highest inflation rate since December last year, mainly due to prices of food and non-alcoholic beverages and housing and utilities.
Published on 2018-05-23

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-07-18	08:00 AM	Inflation Rate YoY	4.6%	4.4%	4.8%	5.0%
2018-08-22	08:00 AM	Inflation Rate YoY	5.1%	4.6%	5%	4.7%
2018-09-19	08:00 AM	Inflation Rate YoY	4.9%	5.1%	5.2%	5.2%
2018-10-24	08:00 AM	Inflation Rate YoY		4.9%		5.1%
2018-11-21	08:00 AM	Inflation Rate YoY				5.3%
2018-12-12	08:00 AM	Inflation Rate YoY				5.0%

South Africa Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	4.90	5.10	20.70	0.20	percent	[+]
Inflation Rate Mom	-0.10	0.80	6.70	-0.70	percent	[+]
Consumer Price Index CPI	108.40	108.50	108.50	1.20	Index Points	[+]
Core Consumer Prices	107.70	107.70	107.70	63.30	Index Points	[+]
Core Inflation Rate	4.20	4.30	8.30	2.90	percent	[+]
Producer Prices	108.50	107.80	219.40	4.10	Index Points	[+]
Producer Prices Change	6.10	5.90	8.80	2.61	percent	[+]
Export Prices	151.10	149.00	155.50	0.60	Index Points	[+]
Import Prices	141.70	141.40	143.60	1.20	Index Points	[+]
Food Inflation	3.50	3.40	15.60	0.60	percent	[+]
Inflation Expectations	5.59	5.42	8.72	3.90	Percent	[+]
CPI Housing Utilities	108.50	108.40	108.50	56.80	Index Points	[+]
CPI Transportation	111.40	111.30	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 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.90	5.10	20.70	0.20	1968 - 2018	percent	Monthly

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inflation rate by Country

Country	Last		Previous	Highest	Lowest
Argentina	34.40	Aug/18	31.2	20263	-7	%	Monthly
Australia	2.10	Jun/18	1.9	23.9	-1.3	%	Quarterly
Brazil	4.19	Aug/18	4.48	6821	1.65	%	Monthly
Canada	2.80	Aug/18	3	21.6	-17.8	%	Monthly
China	2.30	Aug/18	2.1	28.4	-2.2	%	Monthly
Euro Area	2.00	Aug/18	2.1	5	-0.7	%	Monthly
France	2.30	Aug/18	2.3	18.8	-0.7	%	Monthly
Germany	2.00	Aug/18	2	11.54	-7.62	%	Monthly
India	3.69	Aug/18	4.17	12.17	1.54	%	Monthly
Indonesia	3.20	Aug/18	3.18	82.4	-1.17	%	Monthly
Italy	1.60	Aug/18	1.5	25.64	-0.6	%	Monthly
Japan	1.30	Aug/18	0.9	24.9	-2.5	%	Monthly
Mexico	4.90	Aug/18	4.81	180	2.13	%	Monthly
Netherlands	2.30	Aug/18	2.1	11.19	-1.3	%	Monthly
Russia	3.10	Aug/18	2.5	2333	2.2	%	Monthly
Saudi Arabia	2.20	Jul/18	2.1	11.1	-2	%	Monthly
Singapore	0.60	Jul/18	0.6	34	-3.1	%	Monthly
South Africa	4.90	Aug/18	5.1	20.7	0.2	%	Monthly
South Korea	1.40	Aug/18	1.5	32.5	0.2	%	Monthly
Spain	2.20	Aug/18	2.2	28.43	-1.37	%	Monthly
Switzerland	1.20	Aug/18	1.2	11.92	-1.4	%	Monthly
Turkey	17.90	Aug/18	15.85	139	-4.01	%	Monthly
United Kingdom	2.70	Aug/18	2.5	8.5	-0.1	%	Monthly
United States	2.70	Aug/18	2.9	23.7	-15.8	%	Monthly