Consumer prices in South Africa inched up 0.8 percent month-over-month in February 2019, following a 0.2 percent decrease in the previous month and slightly below market expectations of a 0.85 percent increase. Main upward pressure came from transport prices (0.4 percent vs -3.3 percent), namely fuels (0.3 percent vs -10.2 percent). Inflation Rate Mom in South Africa averaged 0.64 percent from 1960 until 2019, reaching an all time high of 6.70 percent in April of 1964 and a record low of -0.70 percent in October of 2003.
Inflation Rate Mom in South Africa is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in South Africa to stand at 0.50 in 12 months time. In the long-term, the South Africa Inflation Rate Mom is projected to trend around 0.40 percent in 2020, according to our econometric models.