South Africa's annual core inflation rate, which excludes cost of food, non-alcoholic beverages, fuel and energy, stood at 4.4 percent in January, unchanged from the two previous months and slightly below market expectations of 4.5 percent. It holds at the highest level since May. Compared to the previous month, core consumer prices went up 0.2 percent, following a 0.3 percent increase in December and below estimates of a 0.3 percent gain. Core Inflation Rate in South Africa averaged 5.04 percent from 2009 until 2019, reaching an all time high of 8.30 percent in May of 2009 and a record low of 2.90 percent in January of 2011.

Core Inflation Rate in South Africa is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in South Africa to stand at 5.00 in 12 months time. In the long-term, the South Africa Core Inflation Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.

South Africa Core Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-21 08:00 AM Core Inflation Rate YoY 4.2% 4.2% 4.3% 4.5%
2018-12-12 08:00 AM Core Inflation Rate YoY 4.4% 4.2% 4.3% 4.4%
2019-01-23 08:00 AM Core Inflation Rate YoY 4.4% 4.4% 4.5% 4.2%
2019-02-20 08:00 AM Core Inflation Rate YoY 4.4% 4.4% 4.5% 4.4%
2019-03-20 08:00 AM Core Inflation Rate YoY 4.4% 4.4% 4.5%
2019-04-17 08:00 AM Core Inflation Rate YoY 3.9%
2019-05-22 08:00 AM Core Inflation Rate YoY 3.8%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.00 4.50 20.70 0.20 percent [+]
Inflation Rate Mom -0.20 -0.20 6.70 -0.70 percent [+]
Consumer Price Index CPI 109.20 109.40 109.60 1.20 Index Points [+]
Core Consumer Prices 109.00 108.80 109.00 63.30 Index Points [+]
Core Inflation Rate 4.40 4.40 8.30 2.90 percent [+]
Producer Prices 109.80 110.70 219.40 4.10 Index Points [+]
Producer Prices Change 4.10 5.20 8.80 2.61 percent [+]
Export Prices 160.30 156.70 160.30 0.60 Index Points [+]
Import Prices 156.60 149.20 156.60 1.20 Index Points [+]
Food Inflation 3.00 3.00 15.60 0.60 percent [+]
Inflation Expectations 5.44 5.59 8.72 3.90 Percent [+]
CPI Housing Utilities 110.00 110.00 110.00 56.80 Index Points [+]
CPI Transportation 109.10 112.80 116.90 81.70 Index Points [+]


South Africa Core Inflation Rate

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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.40 8.30 2.90 2009 - 2019 percent Monthly




Country Last Previous
Argentina 52.50 Feb/19
Turkey 18.12 Feb/19
Russia 4.40 Feb/19
South Africa 4.40 Jan/19
Brazil 3.75 Feb/19
Mexico 3.50 Feb/19
Indonesia 3.06 Feb/19
United States 2.10 Feb/19
Netherlands 1.90 Feb/19
United Kingdom 1.90 Jan/19
Australia 1.80 Dec/18
China 1.80 Feb/19
Singapore 1.70 Jan/19
Canada 1.50 Jan/19
Germany 1.30 Jan/19
South Korea 1.30 Feb/19
Euro Area 1.00 Feb/19
Japan 0.80 Jan/19
France 0.70 Feb/19
Spain 0.70 Feb/19
Italy 0.40 Feb/19
Switzerland 0.40 Feb/19


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