The annual inflation rate in South Africa rose to 4 percent in December 2019 from 3.6 percent in the previous month, matching market expectations. Cost of food & non-alcoholic beverages increased further (3.9 percent vs 3.5 percent in November); and transport prices rebounded (3.3 percent vs -0.3 percent), of which fuels (2.4 percent vs -6.6 percent). On the other hand, prices slowed for housing & utilities (4.6 percent vs 4.8 percent); miscellaneous goods & services (5.4 percent vs 5.7 percent); recreation & culture (1.2 percent vs 1.3 percent); alcoholic beverages & tobacco (5 percent vs 5.1 percent); household contents and services (2.8 percent vs 2.9 percent); and restaurants & hotels (2.9 percent vs 3.2 percent). On a monthly basis, consumer prices went up 0.3 percent, after a 0.1 percent gain in November and in line with forecasts. Considering 2019 as a whole, the inflation rate was at 4.1 percent.
Inflation Rate in South Africa averaged 8.95 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. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics South Africa
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 4.70 in 12 months time. In the long-term, the South Africa Inflation Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.