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

South Africa's consumer prices rose 4.8 percent year-on-year in October of 2017, easing from a 5.1 percent increase in September and matching market consensus. Prices slowed mostly for transport, food and miscellaneous goods and services. Inflation Rate in South Africa averaged 9.15 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 Slows to 4.8% in October


South Africa's consumer prices rose 4.8 percent year-on-year in October of 2017, easing from a 5.1 percent increase in September and matching market consensus. Prices slowed mostly for transport, food and miscellaneous goods and services.

Year-on-year, prices increased less for: transport (5.4 percent vs 5.6 percent in September); due to lower cost of fuel (10.8 percent vs 12.2 percent) and private transport operation (9.1 percent vs 10.2 percent); food and non-alcoholic beverages (5.3 percent vs 5.5 percent), mainly processed food (3.7 percent vs 4.3 percent); fish (3.1 percent vs 4.4 percent); milk, eggs and cheese (2.7 percent vs 2.8 percent); and miscellaneous goods and services (7.2 percent vs 7.6 percent). Also, cost eased for household contents and equipment (1.8 percent vs 2.1 percent); recreation and culture (1.5 percent vs 2.2 percent); clothing and footwear (1.9 percent vs 2.3 percent); restaurants and hotels (3.2 percent vs 3.4 percent) and health (6.6 percent vs 7.2 percent). In addition, cost fell more for communication (-1.5 percent vs -1.4 percent).

On the other hand, prices advanced faster for housing and utilities (5.1 percent vs 4.9 percent) and alcoholic beverages and tobacco (5.1 percent vs 4.7 percent).

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy fell to 4.5 percent from 4.6 percent, the lowest rate since July 2012.

On a monthly basis, consumer prices went up 0.3 percent, following a 0.5 percent rise in September and in line with market expectations.

Statistics South Africa | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/22/2017 10:23:59 AM



Calendar GMT Actual Previous Consensus TEForecast
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 5.1% 4.8% 4.9% 4.7%
2017-11-22 08:00 AM Inflation Rate YoY 4.8% 5.1% 4.8% 5%
2017-12-13 08:00 AM Inflation Rate YoY 4.8% 4.5%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.80 5.10 20.70 0.20 percent [+]
Inflation Rate Mom 0.30 0.50 6.70 -0.70 percent [+]
Consumer Price Index CPI 104.10 103.80 104.10 1.20 Index Points [+]
Core Consumer Prices 103.90 103.80 103.90 63.30 Index Points [+]
Core Inflation Rate 4.50 4.60 8.30 2.90 percent [+]
Producer Prices 103.40 102.70 219.40 4.10 Index Points [+]
Producer Prices Change 5.20 4.20 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 5.30 5.50 15.60 0.60 percent [+]
CPI Housing Utilities 104.00 103.90 104.00 56.80 Index Points [+]
CPI Transportation 104.30 103.40 116.90 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.80 5.10 20.70 0.20 1968 - 2017 percent Monthly




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.70 Oct/17
Canada 1.40 Oct/17
China 1.90 Oct/17
Euro Area 1.40 Oct/17
France 1.10 Oct/17
Germany 1.60 Oct/17
India 3.58 Oct/17
Indonesia 3.58 Oct/17
Italy 1.00 Oct/17
Japan 0.70 Sep/17
Mexico 6.37 Oct/17
Netherlands 1.30 Oct/17
Russia 2.70 Oct/17
South Korea 1.80 Oct/17
Spain 1.60 Oct/17
Switzerland 0.70 Oct/17
Turkey 11.90 Oct/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17