The annual inflation rate in South Africa increased to 4.5 percent in March 2019 from 4.1 percent in the previous month, slightly below market expectations of 4.6 percent. It is the highest inflation rate since December, amid a sharp rise in fuel prices. Inflation Rate in South Africa averaged 9.02 percent from 1968 until 2019, 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.
Inflation Rate in South Africa is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in South Africa to stand at 5.10 in 12 months time. In the long-term, the South Africa Inflation Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.