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

Consumer prices in South Africa rose 3.8 percent year-on-year in March of 2018, slowing from a 4.0 percent gain in the previous month and below market consensus of a 4.1 percent increase. It was the lowest inflation rate since February of 2011, mostly due to lower prices of food and non-alcoholic beverages and transport. Inflation Rate in South Africa averaged 9.10 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 Lowest Since 2011


Consumer prices in South Africa rose 3.8 percent year-on-year in March of 2018, slowing from a 4.0 percent gain in the previous month and below market consensus of a 4.1 percent increase. It was the lowest inflation rate since February of 2011, mostly due to lower prices of food and non-alcoholic beverages and transport.

Year-on-year, prices eased for food and non-alcoholic beverages (3.5 percent compared to 3.9 percent in February), namely processed food (2.7 percent compared to 3.3 percent), unprocessed (4.3 percent compared to 4.7 percent) and meat (10.0 percent compared to 11.4 percent). Additionally, cost slowed for transport (2.8 percent compared to 3.2 percent), mainly due to fuel (2.9 percent compared to 5.1 percent); alcoholic beverages and tobacco (5.2 percent compared to 6.1 percent) and recreation and culture (0.3 percent compared to 0.5 percent). Also, prices increased at a softer pace for clothing and footwear (1.5 percent compared to 1.6 percent); restaurants and hotels (2.8 percent compared to 3.0 percent); education (6.7 percent compared to 7.0 percent) and health (5.1 percent compared to 5.7 percent). On the other hand, cost advanced faster for housing and utilities (4.6 percent compared to 4.5 percent) and household equipment (2.0 percent compared to 1.9 percent) while inflation was steady for miscellaneous goods and services (6.2 percent, the same as in February).

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy, was unchanged at 4.1 percent in March of 2018, below market expectations of 4.3 percent. Compared to February, core consumer prices went up 0.7 percent, easing from a 1.1 percent increase.

On a monthly basis, consumer prices advanced 0.4 percent, compared to a 0.8 percent rise in February, and below market expectations of a 0.6 percent gain.


Statistics South Africa | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/18/2018 8:44:00 AM


Recent Releases

South Africa Inflation Rate Slows to Nearly 3-Year Low
The consumer price index in South Africa increased 4 percent year-on-year in February of 2018, easing from a 4.4 percent rise in January and below market expectations of a 4.2 percent gain. It was the lowest inflation rate since March of 2015.
Published on 2018-03-20

South Africa January Inflation Rate Lowest Since 2015
Inflation rate in South Africa fell to 4.4 percent in January of 2018 from 4.7 percent in December, slightly below market expectations of 4.5 percent. It was the lowest reading since March 2015, as prices increased less mostly for transport and food. Meantime, inflation was steady for housing and utilities. Also core inflation declined to 4.1 percent, the lowest in over 6 years.
Published on 2018-02-21

South Africa December Inflation Rate Ticks Up to 4.7%
The consumer price index in South Africa increased 4.7 percent year-on-year in December of 2017, up from a 4.6 percent gain in the prior month and matching market expectations. The slight uptick in inflation rate was mainly driven by higher prices of transport.
Published on 2018-01-24

South Africa Inflation Rate Slows to 4.6% in November
Consumer prices in South Africa increased 4.6 percent year-on-year in November of 2017, easing from a 4.8 percent rise in the previous month and missing market expectations of 4.7 percent. Prices rose at a slower pace for food and non-alcoholic beverages and transport.
Published on 2017-12-13



Calendar GMT Actual Previous Consensus TEForecast
2018-02-21 08:00 AM Inflation Rate YoY 4.4% 4.7% 4.5% 4.8%
2018-03-20 08:00 AM Inflation Rate YoY 4% 4.4% 4.2% 4.6%
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 3.8% 5.1%
2018-06-20 08:00 AM Inflation Rate YoY 5.0%
2018-07-18 08:00 AM Inflation Rate YoY 5.0%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 3.80 4.00 20.70 0.20 percent [+]
Inflation Rate Mom 0.40 0.80 6.70 -0.70 percent [+]
Consumer Price Index CPI 106.20 105.80 106.20 1.20 Index Points [+]
Core Consumer Prices 106.30 105.60 106.30 63.30 Index Points [+]
Core Inflation Rate 4.10 4.10 8.30 2.90 percent [+]
Producer Prices 105.20 105.50 219.40 4.10 Index Points [+]
Producer Prices Change 4.20 5.10 8.80 2.61 percent [+]
Export Prices 155.50 149.10 155.50 0.60 Index Points [+]
Import Prices 142.00 137.60 143.30 1.20 Index Points [+]
Food Inflation 3.50 3.90 15.60 0.60 percent [+]
Inflation Expectations 5.34 5.34 8.72 3.90 Percent [+]
CPI Housing Utilities 105.50 104.50 105.50 56.80 Index Points [+]
CPI Transportation 105.00 105.70 116.90 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.80 4.00 20.70 0.20 1968 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Mar/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.80 Mar/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.20 Mar/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


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