The annual inflation rate in South Africa stood at 5% in October of 2021, unchanged from the previous month, in line with expectations, remaining above the 4.5% midpoint of the South African Reserve Bank’s monetary policy target range of 3-6% for six consecutive months. Upward pressure came mostly for prices of transport (10.9% vs 10.1% in September); of which fuels (23.1%) and the purchase of vehicles (5.1%); food & non-alcoholic beverages (6.1% vs 6.6%); housing & utilities (4%, the same pace as in September), primarily electricity and other fuels (14%) and miscellaneous goods & services (4.3%, the same pace as in September). On a monthly basis, consumer prices went up 0.2%, the same pace as in the prior month and matching market forecasts. source: Statistics South Africa
Inflation Rate in South Africa averaged 8.77 percent from 1968 until 2021, 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. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Inflation Rate in South Africa is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Inflation Rate is projected to trend around 4.30 percent in 2022 and 4.60 percent in 2023, according to our econometric models.