Consumer prices in South Africa went up 0.2 percent month-over-month in November 2018, following a 0.5 percent rise in October and above market expectations of a 0.1 percent gain. Prices slowed mostly for transport (0.6 percent from 2.6 percent), due to fuels (1.1 percent from 6.1 percent) while they increased slightly for food & non-alcoholic beverages (0.4 percent from 0.3 percent), pushed up by cost of fruit (4.3 percent from 2.0 percent). Inflation Rate Mom in South Africa averaged 0.65 percent from 1960 until 2018, reaching an all time high of 6.70 percent in April of 1964 and a record low of -0.70 percent in October of 2003.
Inflation Rate Mom in South Africa is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in South Africa to stand at 0.43 in 12 months time. In the long-term, the South Africa Inflation Rate Mom is projected to trend around 0.40 percent in 2020, according to our econometric models.