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.

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South Africa Core Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-18 08:00 AM Apr 3.9% 3.8% 3.8% 3.9%
2022-06-22 08:00 AM May 4.1% 3.9% 4% 4%
2022-07-20 08:00 AM Jun 4.1% 4.1%


Related Last Previous Unit Reference
Inflation Rate 6.50 5.90 percent May 2022
Inflation Rate Mom 0.70 0.60 percent May 2022
Consumer Price Index CPI 103.10 102.40 points May 2022
Core Inflation Rate 4.10 3.90 percent May 2022
Core Consumer Prices 102.10 101.90 points May 2022
Producer Prices 117.10 115.00 points Apr 2022
Producer Prices Change 13.10 11.90 percent Apr 2022
Food Inflation 7.60 6.00 percent May 2022
CPI Transportation 105.90 105.10 points May 2022
CPI Housing Utilities 100.60 100.50 points May 2022

South Africa Core Inflation Rate
In South Africa, core consumer prices measure a broad rise or fall in prices that consumers pay for a standard basket of goods, excluding volatile items such as food and non-alcoholic beverages, fuel and energy.
Actual Previous Highest Lowest Dates Unit Frequency
4.10 3.90 8.40 2.50 2009 - 2022 percent Monthly