South Africa Inflation Rate  1968-2018 | Data | Chart | Calendar

The annual inflation rate in South Africa increased to 4.6 percent in June of 2018 from 4.4 percent in the previous month and below market expectations of 4.8 percent. It was the highest inflation rate since December last year, mainly due to higher prices of transport. Inflation Rate in South Africa averaged 9.08 percent from 1968 until 2018, 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.

South Africa Inflation Rate
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South Africa Inflation Rate Rises to 6-Month High in June


The annual inflation rate in South Africa increased to 4.6 percent in June of 2018 from 4.4 percent in the previous month and below market expectations of 4.8 percent. It was the highest inflation rate since December last year, mainly due to higher prices of transport.

Year-on year, cost advanced faster for transport (7.3 percent compared to 5.0 percent in May), namely fuel (16.3 percent compared to 9.4 percent) and household equipment (2.7 percent compared to 2.4 percent). In contrast, cost eased for housing and utilities (4.1 percent compared to 4.8 percent); recreation and culture (0.6 percent compared to 1.3 percent); alcoholic beverages and tobacco (6.0 percent compared to 6.2 percent) and clothing and footwear (1.8 percent compared to 1.7 percent). Also, prices slowed for restaurants and hotels (4.5 percent compared to 5.0 percent) and health (4.7 percent compared to 4.8 percent). Additionally, inflation was steady for food and non-alcoholic beverages (3.4 percent, the same as in May); miscellaneous goods and services (6.2 percent); communication (1.1 percent) and education (6.7 percent).

Annual core inflation rate, which excludes cost of food, non-alcoholic beverages, petrol and energy, slowed to 4.2 percent in June from 4.4 percent in May, down from market consensus of 4.4 percent. Compared to May, core consumer prices went up 0.2 percent, after increasing 0.6 percent in the prior month.

On a monthly basis, consumer prices rose 0.4 percent, following a 0.2 percent in May and slightly lower than forecasts of 0.5 percent.


Statistics South Africa | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/18/2018 8:53:37 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-23 08:00 AM Inflation Rate YoY 4.5% 3.8% 4.7% 4.1%
2018-06-20 08:00 AM Inflation Rate YoY 4.4% 4.5% 4.6% 4.9%
2018-07-18 08:00 AM Inflation Rate YoY 4.6% 4.4% 4.8% 5.0%
2018-08-22 08:00 AM Inflation Rate YoY 4.6% 4.8% 4.7%
2018-09-19 08:00 AM Inflation Rate YoY 4.7%
2018-10-24 08:00 AM Inflation Rate YoY 4.8%


South Africa Prices Last Previous Highest Lowest Unit
Inflation Rate 4.60 4.40 20.70 0.20 percent [+]
Inflation Rate Mom 0.40 0.20 6.70 -0.70 percent [+]
Consumer Price Index CPI 107.60 107.20 107.60 1.20 Index Points [+]
Core Consumer Prices 107.10 106.90 107.10 63.30 Index Points [+]
Core Inflation Rate 4.20 4.40 8.30 2.90 percent [+]
Producer Prices 107.80 106.80 219.40 4.10 Index Points [+]
Producer Prices Change 5.90 4.60 8.80 2.61 percent [+]
Export Prices 149.00 155.50 155.50 0.60 Index Points [+]
Import Prices 141.40 142.00 143.60 1.20 Index Points [+]
Food Inflation 3.40 3.40 15.60 0.60 percent [+]
Inflation Expectations 5.42 5.34 8.72 3.90 Percent [+]
CPI Housing Utilities 106.00 105.70 106.00 56.80 Index Points [+]
CPI Transportation 110.20 108.20 116.90 81.70 Index Points [+]


South Africa Inflation Rate

In South Africa, the most important categories in the consumer price index are Housing and Utilities (24.5 percent of total weight), Transport (16.4 percent) and Food and Non-Alcoholic Beverages (15.4 percent). Others include: Miscellaneous Goods and Services such as personal care, Insurance and Finance (14.7 percent); Alcoholic Beverages and Tobacco (5.4 percent); Household Contents, Equipment and Maintenance (4.8 percent); Recreation and Culture (4.1 percent); Clothing and Footwear (4.1 percent). Restaurants and Hotels, Education, Communication and Health account for the remaining 10 percent. The CPI basket was revised in January of 2013. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.40 20.70 0.20 1968 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 2.50 Jun/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.50 Jul/18
United States 2.90 Jul/18


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