South Africa's annual core inflation, which excludes prices of food, non-alcoholic beverages, fuel and energy, quickened to 4.1% in May of 2022, the highest since August of 2019, from 3.9% in the prior month. On a monthly basis, core consumer prices were up 0.2%, slowing from a 0.4% rise in April and below market estimates of a 0.4% increase. source: Statistics South Africa
Core Inflation Rate in South Africa averaged 4.66 percent from 2009 until 2022, reaching an all time high of 8.40 percent in May of 2009 and a record low of 2.50 percent in February of 2021. This page provides the latest reported value for - South Africa Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Core Inflation Rate in South Africa is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Core Inflation Rate is projected to trend around 5.10 percent in 2023 and 4.80 percent in 2024, according to our econometric models.