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

South Africa's consumer price inflation rose to 5.1 percent year-on-year in September 2017 from 4.8 percent in the previous month. The reading came in above market expectations of 4.9 percent, mainly boosted by higher prices of housing, transport and miscellaneous goods and services. Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, fuel and energy stood at 4.6 percent, unchanged from the previous month's five-year low and above market consensus of 4.5 percent. On a monthly basis, consumer prices increased 0.5 percent, beating expectations of 0.3 percent. 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 September Inflation Rate Stronger than Expected


South Africa's consumer price inflation rose to 5.1 percent year-on-year in September 2017 from 4.8 percent in the previous month. The reading came in above market expectations of 4.9 percent, mainly boosted by higher prices of housing, transport and miscellaneous goods and services.

Year-on-year, prices rose faster for: Housing and utilities (4.9 percent from 4.5 percent in August), mainly boosted by cost of actual rentals for housing (5.7 percent from 5 percent) and that of owners equivalent rent (5.4 percent from 4.9 percent); transport (5.6 percent from 3.9 percent), due to higher cost of fuel (12.2 percent compared to 5.7 percent) and private transport operation (10.2 percent from 5.2 percent); miscellaneous goods and services (7.6 percent from 7.5 percent); alcoholic beverages and tobacco (4.7 percent from 4.3 percent); household contents and equipment (2.1 percent from 2 percent); and health (7.2 percent from 7 percent). Meanwhile, inflation eased for: Food and non-alcoholic beverages (5.5 percent from 5.7 percent in August); clothing and footwear (2.3 percent from 2.8 percent); recreation and culture (2.2 percent from 2.4 percent); and restaurants and hotels (3.4 percent from 4.2 percent). Prices of communication continued to fall (-1.4 percent from -1.3 percent in August).

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, fuel and energy stood at 4.6 percent, unchanged from the previous month's five-year low and above market consensus of 4.5 percent.

On a monthly basis, consumer prices increased 0.5 percent, beating expectations of 0.3 percent. 

Statistics South Africa | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/18/2017 8:30:44 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-23 08:00 AM Inflation Rate YoY 4.6% 5.1% 4.6% 4.7%
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 5.1% 4.8% 5%
2017-12-13 08:00 AM Inflation Rate YoY 4.5%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 5.10 4.80 20.70 0.20 percent [+]
Inflation Rate Mom 0.50 0.10 6.70 -0.70 percent [+]
Consumer Price Index CPI 103.80 103.30 103.80 1.20 Index Points [+]
Core Consumer Prices 103.80 103.40 103.80 63.30 Index Points [+]
Core Inflation Rate 4.60 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 5.50 5.70 15.60 0.60 percent [+]
CPI Housing Utilities 103.90 103.00 103.90 56.80 Index Points [+]
CPI Transportation 103.40 101.70 116.90 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
5.10 4.80 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